Jefferies analyst Trevor Williams raised the firm’s price target on Global Payments to $150 from $145 and keeps a Buy rating on the shares. The firm is expecting another quarter of steady Merchant growth, though it acknowledges that the company’s initial FY24 outlook “could create a temporary air pocket if some top-line cushion is built in.” However, it still calls out Global Payments as its favorite candidate among the Payments, Processors & IT Services for a re-rating in 2024.
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