Oppenheimer Upgrades Global Payments and Downgrades Fiserv Ahead of Q3 Earnings
Ahead of their third-quarter earnings releases, Oppenheimer has upgraded its recommendation on Global Payments (GPN) to Outperform from Perform while downgrading Fiserv (FISV) to Hold equivalent. The firm set a price target for GPN at $115 and adjusted the outlook for both companies in anticipation of upcoming financial results. The move reflects differing expectations between the two payment processing firms, with Global Payments receiving stronger support from analysts despite shared market conditions affecting their sectors. Fiserv's downgrade suggests cautious optimism about its near-term performance compared to GPN’s more favorable outlook.
Topics: analyst rating change earnings anticipation stock recommendation