Seaport Research lowered the firm’s price target on Global Payments to $145 from $150 and keeps a Buy rating on the shares. The company reported strong Q1 results, with both EPS and revenue beating consensus, the analyst tells investors. However, FX created an incremental $20M revenue headwind in Q2, the firm adds. While the near-term stock selloff “makes sense” due to the update about FX, the firm believes the long-term story remains intact,
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