Global Payments (GPN) PT Raised to $95 at Credit Suisse

Credit Suisse reiterated an Outperform rating and raised its price target on Global Payments (NYSE: GPN) to $95.00 (from $91.00) following Q2 results that handily exceeded expectations.

The firm is raising FY 2015/2016 EPS from $4.83/$5.42. They said the company is positioned to drive pro-forma top-line growth of 7% and adj. EPS growth in excess of 15% at least through FY15.

For an analyst ratings summary and ratings history on Global Payments click here. For more ratings news on Global Payments click here.

Shares of Global Payments closed at $84.78 yesterday.

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