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Fly News Breaks for July 12, 2019
WP, FIS
Jul 12, 2019 | 09:25 EDT
Baird analyst David Koning named FIS (FIS) as a Fresh Pick and thinks the company and Worldpay (WP) could see a "mild" Q2 growth acceleration considering he thinks "the backdrop seems quite good." The merger closing around the end of July helps push accretion to an earlier time frame and increase 2021 EPS estimates, said Koning, who keeps an Outperform rating on FIS shares and raised his price target on the stock to $145 from $134.
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