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Fly News Breaks for February 14, 2020
FIS
Feb 14, 2020 | 07:34 EDT
Cantor Fitzgerald analyst Joseph Foresi raised his price target for FIS to $175 from $150 and maintains an Overweight rating on the shares after the company's Q4 results topped expectations. The new combined company has the opportunity to accelerate revenue growth and expand margins, which should have a positive impact on results and multiples, Foresi tells investors in a research note.
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