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Fly News Breaks for July 15, 2019
FDC, FISV
Jul 15, 2019 | 07:26 EDT
Wedbush analyst Moshe Katri raised his price target for Fiserv (FISV) to $105 from $95, assuming the stock can trade at an implied multiple of 21-times earnings power of $5. The analyst reiterates an Outperform rating on the shares, citing multiple positives, including First Data (FDC)-related revenue/ cost synergies, as well as potential strategic benefits from creating a 2-sided platform serving merchants and FIs.
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