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Fly News Breaks for May 3, 2017
FIS
May 3, 2017 | 08:16 EDT
Oppenheimer analyst Glenn Greene raised his price target for FIS to $90 from $85 following relatively mixed Q1 results, and as margins surprise to upside again. The analyst believes FIS's core IFS business remains healthy, GFS's growth/profitability profile is significantly improved, the demand environment appears stable, and deal/pipeline activity remains solid. He reiterates an Outperform rating on the shares.
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