Citigroup Maintains Buy on Global Payments, Lowers Price Target to $155
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ashwin Shirvaikar maintains a Buy rating on Global Payments (NYSE:GPN) but lowers the price target from $163 to $155.

May 02, 2024 | 11:41 pm
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NEUTRAL IMPACT
Citigroup maintains a Buy rating on Global Payments but lowers the price target from $163 to $155.
The adjustment in price target by Citigroup reflects a nuanced view on Global Payments' valuation, suggesting a slightly reduced but still positive outlook. While the Buy rating indicates continued confidence in the company's performance, the lowered price target may temper short-term expectations among investors. This could lead to a neutral short-term impact on the stock as the market digests the implications of the revised target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100