Global Payments raised to buy equivalent at Wolfe Research

Wolfe Research upgraded Global Payments (GPN) to Outperform from Peer Perform following its Q2 earnings report, setting a price target of $110. The upgrade follows the company beating non-GAAP EPS estimates by $0.02 and reporting revenue of $3.16 billion, up 33.9% year-over-year, which aligned with expectations.

Global Payments (GPN) was upgraded to Outperform from Peer Perform at Wolfe Research after the second-quarter earnings announcement, with the price target set at $110. The company's Q2 non-GAAP EPS exceeded analyst estimates by $0.02, and revenue of $3.16B (+33.9% Y/Y) was in line. "We see several reasons that shares can re-rate from recent depress...