Keefe, Bruyette & Woods Maintains Outperform on Global Payments, Lowers Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Vasundhara Govil maintains an Outperform rating on Global Payments (NYSE:GPN) but lowers the price target from $158 to $150.
May 02, 2024 | 1:53 pm
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NEUTRAL IMPACT
Global Payments maintains its Outperform rating by Keefe, Bruyette & Woods, though its price target was reduced from $158 to $150.
The adjustment in price target by a reputable analyst firm like Keefe, Bruyette & Woods could have a mixed impact on investor sentiment towards Global Payments. While maintaining an Outperform rating indicates continued confidence in the company's prospects, the reduction in price target might reflect some concerns about future growth or market conditions that could temper short-term gains.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100