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0 0.000378186218894269 -0.0021934800695862 -0.000226911731336519 0.00400877392027835 0.0112699493230467 0.0134634293926329 0.0123893805309735
Stock impact report

TD Cowen upgrades Fidelity National to 'Buy' on cleaner model, macro resilience [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
driven by company's shift toward a more stable and transparent business model amid growing macroeconomic uncertainty. The firm said FIS's divestiture of a 45% stake in Worldpay and acquisition of Issuer Solutions creates a plug & play offering that increases recurring revenue, enhances margins, and improves free cash flow. FIS is the right investment for right now,” TD Cowen wrote, calling the transaction a top grade swap for an even steadier model. On a separate note TD Cowen analysts downgraded Global Payments as it plans to take Worldpay stake off Fidelity's hand, saying it undermines efforts to streamline operations and introduces fresh execution risks. Unlike other recent deals in the space, TD Cowen said the FIS transaction carries minimal near-term synergy risk, with modest revenue synergy targets and a quicker path to normalized leverage. Issuer Solutions is nearing completion of a cloud-based platform modernization and has already secured client renewals that should Show less Read more
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