Keybanc Maintains Overweight on Global Payments, Lowers Price Target to $145
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Alex Markgraff maintains an Overweight rating on Global Payments (NYSE:GPN) but lowers the price target from $155 to $145.
May 02, 2024 | 3:52 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Keybanc maintains an Overweight rating on Global Payments but lowers the price target from $155 to $145.
The adjustment in price target by Keybanc reflects a nuanced view on Global Payments' future performance. While the Overweight rating indicates continued confidence in the company's prospects, the reduction in price target suggests a recalibration of expectations regarding its growth or profitability. This could lead to a neutral short-term impact on the stock as investors digest the implications of the revised price target against the backdrop of sustained analyst confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100