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Fly News Breaks for December 3, 2019
FIS, FISV
Dec 3, 2019 | 06:20 EDT
BofA/Merrill analyst Jason Kupferberg initiated coverage of Fiserv (FISV) with a Buy rating and $128 price target. The analyst notes that the company's all-stock merger with First Data initiated this year makes sense financially and strategically. Kupferberg also believes that the valuation on Fiserv is "palatable", though he has a "modest preference" for its competitor Fidelity National (FIS).
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