Sterne Agee Maintains Buy on Global Payments

Sterne Agee is out with its report today on Global Payments GPN, maintaining Buy. In its report, Sterne Agee writes, "Global Payment's international footprint should drive growth and margin expansion. We initiated coverage of Global Payments in August with a Buy rating as we believe the company is well positioned to drive double-digit EPS growth. From a shorter-term perspective, the company has already provided FY12 guidance, which we think will prove conservative as we expect Global to benefit nicely from pricing changes as a result of the Durbin Amendment." At the time of posting, shares of GPN were trading at $40.66, up 0.57% from Thursday's close.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorAnalyst RatingsSterne Agee
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!