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Fly News Breaks for January 18, 2018
WP
Jan 18, 2018 | 06:19 EDT
As previously reported, BMO Capital analyst Paulo Ribeiro upgraded Worldpay to Outperform from Market Perform and raised his price target to $95 from $71. Ribeiro says that while the Vantiv acquisition will be slightly dilutive in FY18 on interest costs, he expects accretion and a higher multiple in FY19 thanks to "improved revenue growth profile and margin expansion on added scale, industry-leading omni-channel and integrated capabilities, and further vertical/SMB opportunities." The analyst also sees further upside to EPS of 5%-7% as a result of U.S. corporate tax changes.
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