Raymond James Downgrades First Data Corporation (FDC) to Market Perform

Raymond James analyst John Davis downgraded First Data Corporation (NYSE: FDC) from Outperform to Market Perform.

Davis cited valuation after the stock recent run on the combination with Fiserv (NASDAQ: FISV). The analyst sees the near-term thesis played out and the risk/reward into Q4 results are not great.

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 $24.95 yesterday.

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