Jefferies Starts First Data Corporation (FDC) at Buy

August 31, 2016 6:51 AM EDT
Get Alerts FDC Hot Sheet
Price: $14.40 +1.19%

Rating Summary:
    22 Buy, 6 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
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Jefferies initiates coverage on First Data Corporation (NYSE: FDC) with a Buy rating and a price target of $16.50.

Analyst Jason Kupferberg commented, "We initiate on FDC with a Buy rating and $16.50 PT. Key points: 1) growth in domestic merchant processing segment is set to inflect, aided by improved SMB attrition, new enterprise wins, easier comps, 2) continued, gradual balance sheet de-levering, 3) investor sentiment and share performance have been weak since Oct. '15 IPO, 4) the Analyst Day on 11/16 could be a positive catalyst, including the introduction of financial guidance."

For an analyst ratings summary and ratings history on First Data Corporation click here. For more ratings news on First Data Corporation click here.

Shares of First Data Corporation closed at $13.45 yesterday.

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