Morgan Stanley Maintains Overweight on Global Payments, Raises Price Target to $164
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette has maintained an Overweight rating on Global Payments (NYSE:GPN) and increased the price target from $160 to $164.
May 02, 2024 | 5:16 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Morgan Stanley has reaffirmed its Overweight rating on Global Payments and raised the price target to $164.
The reaffirmation of an Overweight rating combined with an increase in the price target by a reputable analyst like James Faucette at Morgan Stanley typically signals a strong bullish sentiment towards the stock. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100