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Fly News Breaks for June 15, 2018
FDC
Jun 15, 2018 | 07:28 EDT
Raymond James analyst John Davis resumed coverage on First Data with an Outperform and $23 price target. Davis said shares are too attractively valued to ignore despite year-to-date outperformance and believes CardConnect and BluePay acquisitions have just begun to pay dividends, combined with easing 2H 2018 comps, should drive revenue growth throughout the year. Further, the analyst said First Data remains a deleveraging story, which could create $4/share by the end of 2019.
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