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FDC

First Data

$16.73

-0.04 (-0.24%)

07:17
11/20/17
11/20
07:17
11/20/17
07:17

First Data upgraded to Outperform at BMO Capital on clearer growth prospects

As noted earlier, BMO Capital analyst Paulo Ribeiro upgraded First Data to Outperform from Market Perform and raised his price target to $21.50 from $19. Ribeiro based his upgrade on clearer path for the company to industry level growth for Global Business Solutions North America in FY19 due to improvements in joint venture and SMB channels as well as strong performance in the new acquisition-focused Integrated channel. The analyst says that shares have come off about 12% since Q3 earnings, but that he expects FY19 growth to match industry's rates of about 4%.

FDC First Data
$16.73

-0.04 (-0.24%)

10/20/17
10/20/17
UPGRADE
Target $25

Outperform
Follow-up: First Data upgraded to Outperform on aggressive M&A at Wedbush
As previously reported, Wedbush upgraded First Data to Oupterform from Neutral and increased the price target to $25 from $20. Analyst Moshe Katri said the recent CardConnect and BluePay acquisitions boost First Data's North American Global Business Services segments and will help accelerate top line growth. Further, the analyst believes the acquisitions, when combined with First Data's improving margin and free cash flow profiles, will drive the multiple higher.
10/27/17
CHLM
10/27/17
NO CHANGE
Target $25
CHLM
Buy
Craig-Hallum says its time to buy First Data
Craig-Hallum analyst Brad Berning said First Data's recent acquisitions of CardConnect and Blue Pay demonstrate management's strategic move to return to growth and will position the company to be a player in the ISV channel, where they historically have been nonexistent. Based on management commentary about achieving 4x leverage by 2019 after $1.5B in acquisitions, Berning sees approximately $500M in upside to is 2019 adjusted EBTIDA estimate of $3.58B. The analyst sees growth and margins accelerating and told investors "its time to buy First Data" and said there could be upside to his $25 price target. Berning rates First Data a Buy.
11/16/17
JEFF
11/16/17
NO CHANGE
Target $86
JEFF
Buy
Jefferies ups PayPal target to $86, Square target to $47
After rolling forward his valuations to reflect 2019 estimates, Jefferies analyst Ramsey El-Assal raised his price target for PayPal (PYPL) to $86 from $80, for Square (SQ) to $47 from $44, for Visa (V) to $129 from $127 and for EPAM Systems (EPAM) to $118 from $115. He keeps Buy ratings on all four names. The analyst's top picks in Payments are First Data (FDC), FleetCor (FLT), PayPal and Wex (WEX). El-Assal's top picks in IT Services are Cognizant (CTSH) and DXC Technology (DXC).
11/20/17
BMOC
11/20/17
UPGRADE
BMOC
Outperform
First Data upgraded to Outperform from Market Perform at BMO Capital

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