Morgan Stanley Maintains Overweight on Global Payments, Lowers Price Target to $156
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette maintains an Overweight rating on Global Payments (NYSE:GPN) but lowers the price target from $164 to $156.
September 25, 2024 | 2:20 pm
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Morgan Stanley has maintained its Overweight rating on Global Payments but has reduced the price target from $164 to $156, indicating a slightly less optimistic outlook.
The Overweight rating suggests continued confidence in Global Payments' performance, but the lowered price target indicates some caution. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100