Barclays Maintains Overweight on Global Payments, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ramsey El-Assal maintains an Overweight rating on Global Payments (NYSE:GPN) but lowers the price target from $145 to $120.

September 30, 2024 | 3:04 pm
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Barclays analyst Ramsey El-Assal maintains an Overweight rating on Global Payments but lowers the price target from $145 to $120, indicating a more cautious outlook.
The maintenance of an Overweight rating suggests continued confidence in Global Payments' long-term potential. However, the reduction in the price target from $145 to $120 indicates a more cautious short-term outlook, likely due to market conditions or company-specific factors. This mixed signal could lead to short-term downward pressure on the stock price.
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