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Fly News Breaks for December 12, 2017
EVTC
Dec 12, 2017 | 06:43 EDT
JPMorgan analyst Tien-tsin Huang downgraded Evertec to Underweight and lowered his price target for the shares to $13 from $15. The analyst sees "substantial challenges" in the company's end market, with 84% of its revenue based in Puerto Rico. The analyst believes population outflow from Puerto Rico following the hurricane as sustained risk for Evertec.
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