Goldman Sachs has released its SpendTrend rrport for March, showcasing trends in the transaction processing industry. The report shows strength within the industry as consumer spending increased and fuel prices rose.
The report also highlights five stocks within the industry. Goldman Sachs maintains its Buy rating on both Mastercard Inc. MA and Visa Inc V based on FDC results but remains cautious on Neutral rated Global Payments Inc GPN and Heartland Payment Systems HPY and also Sell rated Total System Services TSS.
MA closed yesterday at $266.61, V at $77.71, GPN at $52.58, HPY at $17.10 and TSS at $18.42.
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Posted In: Analyst ColorAnalyst RatingsData Processing & Outsourced ServicesGlobal Payments Inc.Goldman SachsHeartland Payment Systems Inc.Information TechnologyMastercard Inc.Total System Services Inc.Visa Inc.
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