Global Payments price target raised to $146 from $137 at Citi

Citi raised the firm’s price target on Global Payments to $146 from $137 and keeps a Buy rating on the shares. The company delivered a modest beat and raised the mid-point of fiscal 2023 expectations, the analyst tells investors in a research note. The firm says it was a “clean number with relatively clear commentary.” Given that, combined with Global’s willingness to repurchase stock opportunistically at lower levels, Citi expects the “big sentiment-related move” up in shares will largely sustain over a multi-week period.