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Fly News Breaks for July 31, 2019
FISV
Jul 31, 2019 | 06:50 EDT
Deutsche Bank analyst Bryan Keane last night upgraded Fiserv to Buy from Hold and raised his price target for the shares to $120 from $100. The consistency of recurring earnings growth, "strong" financial discipline, and "powerful" free cash flow generation of the combined company deserves a premium valuation, Keane tells investors in a research note. He believes the First Data and Fiserv are "fundamentally stronger together."
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