Bernstein Downgrades Global Payments to Market Perform, Lowers Price Target to $112
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Harshita Rawat has downgraded Global Payments (NYSE:GPN) from Outperform to Market Perform and reduced the price target from $135 to $112.
October 22, 2024 | 10:17 am
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Bernstein has downgraded Global Payments from Outperform to Market Perform, with a reduced price target of $112, indicating a less optimistic outlook.
The downgrade from Outperform to Market Perform suggests a less favorable view on Global Payments' future performance. The lowered price target from $135 to $112 indicates reduced expectations for the stock's potential upside, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100