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Fly News Breaks for July 13, 2018
SYF, WMT, COF, TSS
Jul 13, 2018 | 10:25 EDT
After Bloomberg reported yesterday that Walmart (WMT) is considering moving its private-label and or co-brand card portfolios to Capital One (COF) from incumbent Synchrony (SYF), Stephens analyst Brett Huff called the potential switch an possible opportunity for TSYS (TSS), which he notes is the card issuer processor for Capital One. He estimates this move, if it happens, could represent about a $15M revenue opportunity for TSYS. Huff keeps an Overweight rating and $100 price target on TSYS shares.
News For TSS;COF;WMT;SYF From the Last 2 Days
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