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Fly News Breaks for November 5, 2015
EVTC
Nov 5, 2015 | 06:01 EDT
Deutsche Bank analyst Bryan Keane downgraded EVERTEC to Hold citing deteriorating fundamentals following the company's Q3 results. EVERTEC's FY15 and FY16 look like transition years and a "rebound appears distant," Keane tells investors in a post-earnings research note. He cut his price target for shares to $20 from $25.
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