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Fly News Breaks for January 29, 2020
FISV
Jan 29, 2020 | 08:35 EDT
Deutsche Bank analyst Bryan Keane raised his price target for Fiserv to $150 from $120 ahead of the company's Q4 results and keeps a Buy rating on the shares. Although he expects headwinds from lower periodic revenue, difficult compares, and purchase revenue adjustments to weigh on the company's sales growth this quarter, he expects growth to accelerate in fiscal 2020 and fiscal 2021 driven by synergies, recent sales momentum and continued strength in the merchant business.
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