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Fly News Breaks for September 3, 2019
FISV, FIS
Sep 3, 2019 | 08:58 EDT
Atlantic Equities analyst Kunaal Malde initiated FIS (FIS) with an Overweight with an Overweight recommendation, stating that an accelerating growth profile and "compelling" synergies from its deal to acquire Worldpay make it his preferred stock in the U.S. Payment Services group following the deal-making in the space. While he believes cost synergies and revenue opportunities should support mid-teens EPS growth for Fiserv (FISV) as well following its deal for First Data, Malde prefers FIS, which he thinks has more compelling revenue synergy opportunities and a slightly higher EPS growth profile in the medium-term. He set a $175 price target on FIS shares.
News For FIS;FISV From the Last 2 Days
FIS
Mar 26, 2024 | 08:09 EDT
Evercore ISI analyst David Togut raised the firm's price target on FIS to $62 from $58 and keeps an In Line rating on the shares. February U.S. payment volume growth accelerated following a soft January, with commentary from Visa (V) pointing to quarter-to-date U.S. payment volume growth through February 21 in line with the Q4 rate of 5%, the analyst tells investors. Overall, calendar Q1 data points reflect a U.S. soft-landing scenario, supporting continued, stable payment volume growth, and creating a favorable set up for most of the payment companies the firm covers, the analyst added in a Q1 preview note for the payments, processors and IT services group.