BTIG analyst Mark Palmer raised his price target on First Data to $27, saying that while deleveraging represents the primary driver of value for the stock in the medium term, its growth prospects are also improving. The analyst points to the company's recent medium term guidance of mid-single-digit annual revenue growth through 2021 provided at its Investor Day earlier this week, noting that it is easily achievable and "likely conservative", based on his expectations of contribution from high growth products and services. Palmer keeps his Buy rating on First Data.