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Fly News Breaks for June 13, 2018
FDC
Jun 13, 2018 | 08:13 EDT
Stephens analyst Brett Huff said that following First Data's investor day meeting he raised his outyear revenue growth estimates by about 50bps on average, raised his EBITDA growth estimates by about 100 bps on average and raised his free cash flow expectations. Given his increased estimates, and his view that the company's long-term growth guidance seems conservative, Huff raised his price target on First Data shares to $25 and reiterates an Overweight rating on the stock.
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