Friday, December 31, 2010

Global Payments (NYSE:GPN) Has Room for Improvement

Susquehanna says they like some of the things happening with Global Payments (NYSE:GPN), but also feel they have a lot of room for improvement, and could to well if they execute.

They said the company shares have risen on "the launch of Chinese RMB processing, a winning merchant acquiring with la Caixa Spain, and select M&A among peers."

The full year 2011 EPS estimate on the company stands at $2.75.

Susquehanna reiterates a "Positive Rating" on Global Payments, which closed Thursday at $46.64, up $0.43, or 0.93 percent. They raised their price target on them from $47 to $55.

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