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Fly News Breaks for November 8, 2018
WP
Nov 8, 2018 | 11:52 EDT
Stephens analyst Brett Huff said Worldpay's Q4 guidance appears conservative, noting that it implies a growth deceleration of 100bps despite the company indicating no deterioration in trends, as well as an expected acceleration in the tech segment. In terms of 2019, the company said on its Q3 call that it sees no reason revenue won't grow by a high-single digits percentage, Huff added. He has an Overweight rating and $111 price target on Worldpay shares, but said his estimates and target are under review on the heels of the earnings report and call.
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