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Fly News Breaks for October 8, 2018
FDC
Oct 8, 2018 | 07:52 EDT
Deutsche Bank analyst Bryan Keane resumed coverage of First Data with a Buy rating and raised his price target for the shares to $29 from $21. The company's fundamentals "remain strong/ improving" and that its leverage ratios should continue to drop, causing the multiple to continue expanding, Keane tells investors in a research note. He believes First Data's overall outlook remains solid amid "strong" enterprise sales, "fast growth" internationally and "rapid growth" in digital point of sale processing solution Clover.
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