February 26, 2017 / 10:09 PM / 7 months ago

Global Payments stock could rise 15 percent -Barron's

NEW YORK, Feb 26 (Reuters) - The stock of payment processing company Global Payments Inc could rise by 15 percent to $90 in the year ahead as revenue and profits increase, according to Barron‘s.

The U.S. business magazine said in a story on Sunday that Atlanta-based Global Payments will continue thrive as the use of cash declines, especially internationally.

The company expanded its reach with the purchase last year of a smaller rival, Heartland Payment Systems. That integration will help reduce costs and expand reach, Barron’s said.

Global Payments shares currently trade around $79.

Reporting by Lawrence Delevingne; Editing by Cynthia Osterman

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