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Fly News Breaks for March 22, 2019
WP, FIS
Mar 22, 2019 | 08:03 EDT
Guggenheim analyst Jeff Cantwell raised his price target on FIS (FIS) to $135 and kept his Buy rating, saying its management is "showing significant foresight" with its acquisition for Worldpay (WP) by "getting an early start on the global shift towards payments modernization / faster payments / open banking". The analyst believes that the companies' combined platform will be "unique" in the payments sector and urges long-term investors to buy FIS stock which he currently perceives as undervalued.
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