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FDC

First Data

$13.35

0.185 (1.41%)

12:40
10/03/16
10/03
12:40
10/03/16
12:40

Vote of confidence in First Data

Vote of confidence in First Data. Smaller lots of Nov 12 puts trade across the exchanges at 25c per contract. 7.9K traded total and data from ISE indicate customer sellers. Open interest is 204 and these puts are struck 10% below spot. November options capture one earnings report on 11/7.

  • 23

    Oct

FDC First Data
$13.35

0.185 (1.41%)

08/01/16
BTIG
08/01/16
UPGRADE
BTIG
Buy
First Data upgraded on 2H16 outlook at BTIG
As noted earlier, BTIG upgraded First Data to Buy from Neutral. Following the company's better than expected Q2 results, analyst Mark Palmer thinks the company's turnaround is poised to accelerate in 2H16, driven by benefits from improvements of its North American Global Business Solutions unit. Target $15.
08/30/16
CHLM
08/30/16
INITIATION
Target $20
CHLM
Buy
First Data initiated with a Buy at Craig-Hallum
Craig-Hallum analyst Bradley Berning initiated First Data with a Buy and $20 price target saying the company is in the middle of a turnaround that will accelerate revenue growth and significantly greater earnings growth.
08/31/16
JEFF
08/31/16
INITIATION
Target $16.5
JEFF
Buy
First Data initiated with a Buy at Jefferies
Jefferies analyst Jason Kupferberg started First Data with a Buy rating and $16.50 price target. Growth in the company's domestic merchant processing segment is set to inflect, the analyst tells investors in a research note.
08/31/16
08/31/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. BTIG initiated coverage of Juno Therapeutics (JUNO) with a Sell rating, saying the firm is "generally skeptical of current investor expectations for the CD19 CAR T market." The firm has a fair value estimate on Juno of $23 per share. 2. JPMorgan analyst Alex Yao assumed coverage of Sohu.com (SOHU) with an Underweight rating and $40 price target. The rating is unchanged and the price target is lowered from $47. The company will find it difficult to come up with new initiatives to address the continued decline in games revenue, Yao tells investors in a research note. 3. JPMorgan's Yao assumed coverage of SINA (SINA) with an unchanged Overweight rating and $123 price target. 4. Jefferies analyst Jason Kupferberg started First Data (FDC) with a Buy rating and $16.50 price target. Growth in the company's domestic merchant processing segment is set to inflect, the analyst tells investors in a research note. 5. Baird analyst William Power initiated j2 Global (JCOM) with an Outperform rating and $83 price target, citing its attractive valuation, strong free cash flow, consistent margin expansion, the growth in digital media, and its disciplined acquisition strategy. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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