Global Payments shares are trading lower after Bernstein downgraded the stock from Outperform to Market Perform and lowered its price target from $135 to $112.
Portfolio Pulse from Benzinga Newsdesk
Global Payments shares declined following a downgrade by Bernstein from Outperform to Market Perform, with a reduced price target from $135 to $112.
October 22, 2024 | 10:39 am
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Global Payments shares are under pressure after Bernstein downgraded the stock from Outperform to Market Perform and reduced the price target from $135 to $112.
The downgrade by Bernstein from Outperform to Market Perform, along with a significant reduction in the price target, suggests a negative outlook on Global Payments' short-term performance. This is likely to lead to a decrease in investor confidence and a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100