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Fly News Breaks for June 28, 2017
VNTV, FDC
Jun 28, 2017 | 07:42 EDT
As previously reported, Morgan Stanley downgraded First Data (FDC) to Equal Weight and raised its price target to $19 from $18. Analyst James Faucette said the turnaround in fundamentals is largely reflected in shares and said deleveraging potential is less likely to be a driver going forward. The analyst prefers Vantiv (VNTV) following the recent pullback and thinks it will overcome concerns on softness in retail.
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