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Fly News Breaks for February 8, 2017
FIS
Feb 8, 2017 | 07:16 EDT
Credit Suisse analyst Paul Condra upgraded FIS to Outperform from Neutral, with an $88 price target, as the pullback in the shares provides "good entry point." Further, with expectations a bit more subdued, the analyst sees a favorable set up for the rest of the year. Despite top-line softness, he expects continued margin expansion to drive strong cash flow and believes share repurchases could be increasingly material in coming years as leverage returns to normal levels.
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