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Fly News Breaks for August 20, 2018
WP
Aug 20, 2018 | 07:29 EDT
Nomura Instinet analyst Dan Dolev raised his price target for Worldpay to $120 from $105 following recent meetings in New York with CEO Charles Drucker, CFO Stephanie Ferris and Nate Rozof, SVP of IR and M&A. In a research note to investors, Dolev says Worldpay's management conveyed an "upbeat" tone overall, laying out Worldpay's focus on mending the legacy U.S. and U.K. businesses, driving revenue and cost synergies and expanding into secular growth areas with a lesser focus on brick and mortar. Dolev maintains a Buy rating.
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