Global Payments extends sell-off after brokerages downgrade rating
** Shares of payments firm Global Payments GPN.N fall ~6 to $97.85
** At least 3 brokerages - William Blair, Seaport Research and BTIG - downgrade rating on GPN
** Stock fell 6.5% on Tuesday after GPN unveiled preliminary FY25 outlook that was below Street expectations
** Brokerage BTIG says lack of clarity on GPN's ability to accelerate growth in FY26 to FY27 leaves stock in "no man's land" for next several quarters
** Another brokerage Barclays says downbeat FY25 outlook has likely moved the stock back into "show me" territory, adding it may rebound once GPN delivers strong results
** Morgan Stanley says GPN management could be resetting expectations lower to report beat-and-raise earnings in coming quarters
** As of last close, GPN shares down 18.3% YTD
Reporting by Arasu Kannagi Basil in Bengaluru
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