Many Positive Catalysts For GPN’s Stock

Analysts at Cowen & Co maintain their "outperform" rating on Global Payments (NYSE: GPN).

According to Cowen & Co, Global Payments has restructured its money transfer segment successfully and is witnessing stabilizing margins. GPN continues to gain market share in the UK, the analysts say. The analysts expect the company’s F2Q10 results to be in-line with the expectations.

The analysts believe that Global Payments’ earnings and revenue growth would accelerate in 2011 due to its margin expansion opportunities in Canada, ventures/opportunities in China, Brazil and India, and favorable forex trends. The analysts also expect positive news flows from GPN’s joint venture with China Union Pay in China.