UPDATE: Nomura Downgrades Global Payments on Valuation

In a report published Wednesday, Nomura analyst Tulu Yunus downgraded the rating on Global Payments (NYSE: GPN ) from Buy to Neutral, but raised the price target from $57.00 to $66.00. In the report, Nomura noted, “We are upgrading Total System Services (TSS) to Buy from Neutral based on our