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Fly News Breaks for December 16, 2019
FIS
Dec 16, 2019 | 08:42 EDT
Morgan Stanley analyst James Faucette initiated coverage of FIS with an Equal Weight rating and $146 price target, stating that he views it as a leading financial services technology provider with a good business and "interesting" merchant acquiring assets, but also thinks that upside to synergies from its recent acquisition is largely reflected in expectations. He also believes a high level of competitive investment will limit its synergy upside potential longer-term.
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