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Fly News Breaks for September 11, 2019
FISV
Sep 11, 2019 | 16:15 EDT
Canaccord Genuity analyst Joseph Vafi initiated coverage of Fiserv with a Buy rating and $130 price target. The analyst believes revenue post the merger with First Data, especially in payments, could be material over time. Further, he sees "real strategic opportunity" to more closely integrate legacy Fiserv's bank back-end processing with First Data's payment capability. Fiserv shares offer an attractive risk/reward with an "attractive earnings ramp runway ahead," Vafi tells investors in a research note.
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