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Fly News Breaks for March 22, 2019
FDC, FISV, WP, FIS
Mar 22, 2019 | 07:28 EDT
Wedbush analyst Moshe Katri added Outperform-rated FIS (FIS) to the Best Ideas List following its offer to buy Worldpay (WP) and raised his price target to $140 from $110. In a research note to investors, Katri says he believes the transaction, which strategically responds to Fiserv's (FISV) pending acquisition of First Data (FDC), expands FIS' capabilities by enhancing its acquiring and payments offerings while increasing Worldpay's distribution footprint, and accelerating its entry into new geographies.
News For FIS;WP;FISV;FDC From the Last 2 Days
FIS
Apr 16, 2024 | 06:34 EDT
BofA raised the firm's price target on FIS to $84 from $79 and keeps a Buy rating on the shares. Ahead of the company's upcoming Q1 earnings report and investor day, the firm says it is "comfortable" with Q1 estimates it says are "quite achievable, as the newer management team has generally provided conservative guidance." Given its view regarding the achievability of near-term estimates and anticipation of positive messages at the upcoming investor day, the firm raised its target FY25 P/E multiple, the analyst tells investors.
