Global Payments risk/reward remains attractive, says RW Baird Baird views the risk/reward for Global Payments as attractive following Q3 results. The firm thinks the shares could trade off today citing its only mildly raised guidance. Baird thinks its multiple could grow to a normalized rate if earnings growth continues. Shares are Outperform rated with a $82 price target.
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.