Sterne Agee Maintains Buy on Global Payments
Sterne Agee is out with its report today on Global Payments (NYSE: 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.
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