Morgan Stanley upgrades Global Payments with overweight rating, lifts price target to $100

LITE +3.82% COHR +1.41% GPN -0.47%

1. 1Morgan Stanley upgraded its investment opinion on Global Payments (GPN) from equal-weight to overweight and raised the price target from $65 to $100.
2. 2The firm cited improved execution and greater share buyback capacity, along with an undervalued valuation offering room for re-rating, while raising its projected annual share repurchase outlook for 2027 and 2028 to approximately $3.0 billion.
3. 3The 2026 revenue growth forecast was cut from 5% to 4% to reflect weakness in Middle East travel, but growth estimates for 2027 and 2028 were raised to 6%, and the 2027 adjusted EPS forecast was lifted from $15.82 to $16.30.

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