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Fly News Breaks for March 19, 2019
FIS, WP
Mar 19, 2019 | 05:56 EDT
Mizuho analyst Thomas McCrohan downgraded Worldpay (WP) to Neutral from Buy and raised his price target for the shares to $112 from $108. The takeover premium paid by FIS (FIS) reflects a high takeout valuation, McCrohan tells investors in a research note. The deal is expected to close in the second half of 2019, he points out.
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