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Fly News Breaks for January 2, 2019
WP
Jan 2, 2019 | 07:32 EDT
KeyBanc analyst Josh Beck lowered his price target for Worldpay to $90 from $120 as FX headwinds and a modest consumer slowdown are likely to surface as despite the fact that it has a heavier non-discretionary skew in the U.S. The analyst remains confident in the potential for the company to outperform cost synergy targets in 2019 and deliver revenue synergies starting in 2020. He reiterates an Overweight rating on the shares.
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