Jefferies Initiates Coverage On Global Payments With Hold Rating

According to Jefferies, Global Payments GPN coverage is initiated with Hold rating. Jefferies said that it believes GPN enjoys an enviable position in the payments value chain. “Our $50 price target is based on a blend of 14x our C12 EPS estimate of $3.21 and our DCF model. Risks include consumer spending, intense competition, M&A execution.” Global Payments closed yesterday at $49.58.