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Fly News Breaks for July 31, 2019
WP, FIS
Jul 31, 2019 | 06:30 EDT
Berenberg analyst Tej Sthankiya initiated FIS (FIS) with a Buy rating and a price target of $171, saying its acquisition of Worldpay (WP) "propels" the company into the payment market at scale and boosts its organic growth rate to 6% from 4% "immediately". The analyst expects the cross-selling e-commerce and loyalty payments from the deal to boost the stock further.
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