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Fly News Breaks for September 5, 2019
FIS
Sep 5, 2019 | 08:22 EDT
As previously reported, KeyBanc analyst Josh Beck upgraded FIS to Overweight from Sector Weight, with a $175 price target. The analyst believes eCom and B2B initiatives could upscale growth and drive a positive re-rating. Further, he sees the company as strategically positioned for sustainable merchant share gains, B2B monetization, and accretive capital allocation with room for modest FI cross-sell.
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