Information Provided By:
Fly News Breaks for March 19, 2019
WP, FIS
Mar 19, 2019 | 05:56 EDT
Mizuho analyst Thomas McCrohan downgraded Worldpay (WP) to Neutral from Buy and raised his price target for the shares to $112 from $108. The takeover premium paid by FIS (FIS) reflects a high takeout valuation, McCrohan tells investors in a research note. The deal is expected to close in the second half of 2019, he points out.