Goldman Sachs analyst Will Nance downgraded Global Payments (GPN) to Neutral from Buy with a price target of $122, down from $155. The company has already telegraphed an underlying deceleration in revenue growth in 2025 as a result of restructuring its go-to-market and the firm believes Global Payments’ consensus revenue estimates are likely to be revised downward as the company executes on its strategy of completing several divestitures while also re-aligning, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GPN:
- Global Payments price target raised to $166 from $156 at Morgan Stanley
- Global Payments price target raised to $135 from $120 at Barclays
- Global Payments price target raised to $140 from $130 at Keefe Bruyette
- Holiday season off to ‘healthy start’ with strong Black Friday-Cyber Monday
- Global Payments price target raised to $155 from $135 at Goldman Sachs