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Fly News Breaks for June 1, 2017
FDC
Jun 1, 2017 | 07:22 EDT
Stifel analyst John Davis resumed coverage of First Data with a $20 price target and a Buy rating. The analyst says that the company's fundamentals are improving as its small and medium business attrition rates are improving while the performance of its bank joint venture should rebound in 2H17. He adds that the company's margins are expanding ,and he predicts that the revenue of its GBS segment will accelerate.
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