Global Payments initiated with an Equal Weight at Wells Fargo

Wells Fargo initiated coverage of Global Payments with an Equal Weight rating and $100 price target Despite being consistently linked with market share narratives, Global Payments’ fundamental trends have been resilient, the analyst tells investors in a research note. However, the firm says that with ongoing innovation in financial technology, the bigger debate is where Global Payments fits on a 5-7 year horizon. It believes satisfying growth and margin expectations simultaneously will be a consistent challenge for the company.