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0.00111798464634402 0.00156517850488171 0.00350301855854512 0.000819855407318963 -0.000149064619512635 0.000223596929268846 -0.00909294179026607 -0.00827308638294711
Stock impact report

TD Cowen downgrades Global Payments saying Worldpay deal muddies turnaround story [Yahoo! Finance]

Global Payments Inc. (GPN) 
Last global payments inc. earnings: 2/12 06:55 am Check Earnings Report
US:NYSE Investor Relations: investors.globalpaymentsinc.com
Company Research Source: Yahoo! Finance
the company's planned acquisition of Worldpay undermines efforts to streamline operations and introduces fresh execution risks. The firm said it supported the divestment of Global Payments' Issuer Solutions unit, but viewed the Worldpay acquisition as a step in the wrong direction, adding complexity and leverage at a time when investors were looking for simplification and improved financial transparency. We favor the Issuer Solutions divestment, but see Worldpay adding complexity, leverage & increased execution risk that runs counter to needed simplification, TD Cowen analysts wrote. Shares may be ‘cheap,' but that proposition wasn't being heard before & we struggle for NT positive catalysts, added analysts. The analysts expressed concerns about the integration challenges of combining Worldpay with Global Payments' existing Merchant Solutions unit, noting that previous payments portfolios have yet to be fully integrated. The added operational burden, they said, could increas Show less Read more
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