Goldman Sachs analyst James Schneider downgraded Global Payments (GPN) to Neutral with an unchanged price target of $125. The stock closed Friday down 24c to $117.50.
The company's software-led payments strategy, along with accretive acquisitions, should allow for continued "best-in-class growth," Schneider tells investors in a research note.
However, he now sees fewer near-term catalysts for shares of Global Payments and expects only modest upside to Street estimates in 2018. As such, the analyst views the stock's current valuation as fair.
Comments
Log in or sign up to join the conversation.