Stephens & Co. Maintains Overweight on Global Payments, Lowers Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Charles Nabhan maintains an Overweight rating on Global Payments (NYSE:GPN) but lowers the price target from $130 to $125.
October 18, 2024 | 5:12 pm
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Stephens & Co. maintains an Overweight rating on Global Payments but lowers the price target from $130 to $125, indicating a slightly less optimistic outlook.
The maintenance of an Overweight rating suggests continued confidence in Global Payments' performance, but the lowered price target indicates a slightly less optimistic view on its short-term potential. This could lead to a minor negative impact on the stock price as investors adjust expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100