UPDATE: KBW Raises PT on Global Payments to $52

KBW is out with its report today on Global Payments GPN, raising its PT from $47 to $52. In a note to clients, KBW writes, "Following Global Payments' F4Q11 (C2Q11) earnings results, we are raising our F2012 EPS estimate to $3.06 (from $3.03), mainly to reflect stronger top-line growth, and are introducing our F2013 EPS estimate of $3.44. We are also raising our price target to $52 (from $47), but are maintaining our Market Perform rating." Shares of GPN closed Thursday at $52.20.