Global Payments added to Focus List, Total System removed at Citigroup Citigroup added Global Payments (GPN) to its Focus List in place of Total System (TSS) and keeps a Buy rating on both names. Citi said it has confidence in Global Payments' ability to expand its margins and increase shareholder returns. The firm has a $78 price target for Global Payments shares and a $38 price target for shares of Total System.
Global Payments price target raised to $90 from $80 at Oppenheimer Oppenheimer increased its price target on Global Payments as the firm thinks the company could benefit from solid regional trends, various pricing/fee opportunities and aggressive OptBlue participation. Oppenheimer says that Global Payments' fundamentals appear to be strong, while its multiple should rise as its North American margins increase. Oppenheimer keeps an Outperform rating on the shares.