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Fly News Breaks for February 5, 2020
FDC, FISV
Feb 5, 2020 | 08:20 EDT
Oppenheimer analyst Glenn Greene raised his price target for Fiserv (FISV) to $140 from $130 after the company posted "solid" Q4 results with 5% year over year organic revenue growth and 18% EPS growth to $1.13. The analyst remains "highly enthusiastic" about the First Data (FDC) combination, which should generate significant revenue/cost synergies, free cash flow, and related EPS accretion, over the next five years. He reiterates an Outperform rating on Fiserv's shares.
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