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Fly News Breaks for February 7, 2018
FIS
Feb 7, 2018 | 09:20 EDT
BMO Capital analyst Paulo Ribeiro raised his price target on FIS to $118 after the company's Q4 earnings beat and inline FY18 outlook. Ribeiro notes that while the margin expansion accelerated, revenue growth was lower than expected. The analyst keeps his Outperform rating on FIS and attributes the higher price target to roll-over to FY19 valuation.
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