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.
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Posted In: Analyst ColorInitiationAnalyst RatingsData Processing & Outsourced Servicesglobal paymentsInformation TechnologyJefferies
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