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Fly News Breaks for February 13, 2019
FISV, FDC
Feb 13, 2019 | 07:55 EDT
As previously reported, Wells Fargo analyst Timothy Willi downgraded First Data (FDC) to Market Perform from Outperform to reflect the pending acquisition by Fiserv (FISV), which is expected to close during H2 2019. The analyst also lowered his price target on First Data's shares to $25.50 from $30 to reflect the exchange ratio and Fiserv's current share price of approximately $84.50.
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