Global Payments Inc GPN reported fiscal fourth-quarter results Feb. 15, with an earnings beat and revenues that fell shy of estimates. The payments processor also issued initial full-year 2018 guidance. The Analyst Bank of America Merrill Lynch analyst Jason Kupferberg reiterated a Buy rating for Global Payments and increased the price target from $113 to $127, suggesting roughly 12-percent upside. The Thesis Global Payment's initial 2018 guidance and bullish commentary on future cycle guidance prompted BofA to increase its 2018/2019 estimates, Kupferberg said in a note. BofA estimates earnings per share of $5.01 for 2018 and $5.90 for 2019. This compares to prior estimates of $4.61 and $5.33 per share, respectively, and the company's guidance of $4.95 and $5.15.Source