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Fly News Breaks for January 17, 2018
EVTC
Jan 17, 2018 | 04:58 EDT
Goldman Sachs analyst James Schneider downgraded Evertec to Sell and cut his price target for the shares to $12 from $15. Ongoing economic weakness in Puerto Rico following Hurricane Maria is not appropriately reflected in consensus estimates, Schneider tells investors in a research note. He believes mass migration to the continental U.S. is likely to last through 2019 and have a sustained economic impact on Puerto Rico.
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