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Fly News Breaks for March 21, 2019
FIS, WP
Mar 21, 2019 | 07:31 EDT
Wedbush analyst Moshe Katri downgraded Worldpay (WP) to Neutral from Outperform, with a $110 price target, and removing the stock from his firm's Best Ideas List due to FIS' (FIS) intent to acquire the company. The transaction essentially expands FIS' capabilities by enhancing its acquiring and payments offerings while increasing Worldpay's distribution footprint, and accelerating its entry into new geographies, he contends.
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