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  5. Credit Suisse upgrades Worldpay, highlights structural growth

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Credit Suisse upgrades Worldpay, highlights structural growth

Mon, 18th Apr 2016 12:43

(ShareCast News) - Credit Suisse upgraded Worldpay to 'outperform' from 'neutral' saying the share price weakness after the 2015 results was the opportunity it had been waiting for to turn more positive on the stock.The bank admitted that Worldpay's full year results were "not perfect", but highlighted four reasons why it was turning more positive.CS said the recent Money 20/20 industry conference supported its view that growth prospects for the industry remain robust."Furthermore, growing industry complexity means that existing market leaders are well positioned to continue taking share. We think this adds credibility to management's target to grow revenues at 9-11%."It said concerns over the US were too extreme, while investor worries over industry commoditisation are over-played."We have taken a number of calls from investors concerned about commoditisation across the industry. We think this is wrong. The clear message from Money 20/20 is that the industry is well set for sustained growth. Yes, simple processing for large retailers will come under pricing pressure."However, value added services will give payments companies a significant runway to resist price pressure."Finally, the bank said capex had scope to reduce, supporting management ambitions to improve free cash flow in full year 2017.Credit Suisse maintained its 300p price target on Worldpay, saying the stock was its preferred way to play the attractive payments space.At 1252 BST, Worldpay shares were up 1.1% to 272p.
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18 Mar 2019 08:22

FIS to buy Worldpay in $43bn cash and stock deal

(Sharecast News) - Payments processor Worldpay has agreed to be bought by US financial services technology company FIS in a $43bn deal.

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3 Apr 2018 21:40

Mall owners Namdar, Washington Prime in bid to buy Bon-Ton -sources

By Jessica DiNapoli and Tom Hals April 3 (Reuters) - U.S. mall owners Namdar Realty Group and Washington Prime Group Inc are in talks to acquire store operator Bon-Ton

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7 Feb 2017 15:10

Tuesday broker round-up

(ShareCast News) - Cairn Energy: Deutsche Bank upgrades to buy with a target price of 275p. Servelec Group: Berenberg reiterates buy, 391p target. Anglo American: JP Morgan reiterates overweight with a 1470p target. Premier Oil: Deutsche Bank downgrades to hold with a 90p target. Sanne Group: Be

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2 Feb 2017 08:16

Worldpay poaches Santander's Peter Jackson to be new UK CEO

(ShareCast News) - Worldpay has poached Santander's former head of global innovation Peter Jackson to head its UK business, starting on 1 March. The online payments company said that Jackson will report to group chief executive Philip Jansen. Prior to Santander, Jackson was chief executive at Trave

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2 Feb 2017 07:45

TOP NEWS: Worldpay Appoints Santander Head Of Innovation As UK CEO

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6 Jan 2017 10:21

Exane ups Worldpay to 'outperform' after de-rating

(ShareCast News) - Exane BNP Paribas upgraded payments processor Worldpay to 'outperform' from 'neutral' and lifted the price target to 340p from 290p, saying last year's de-rating provides a better entry point. The bank said it is still cautious on Worldpay's ecommerce margins and capex but factors

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12 Dec 2016 15:55

Monday broker round-up

(ShareCast News) - Greencore: Berenberg reiterates buy with a target price of 350p. Talk Talk: UBS reiterates neutral, 160p target. Barclays: JP Morgan reiterates neutral with a 215p target. Bunzl: Deutsche Bank reiterates buy with a 2450p target. Old Mutual: Barclays downgrades to equal-weight w

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7 Dec 2016 09:33

BROKER RATINGS SUMMARY: Credit Suisse Raises Rio Tinto And Cuts BHP

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11 Oct 2016 15:07

UK Dividends Calendar - Next 7 Days

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28 Sep 2016 14:32

Worldpay appoints Kim Crawford Goodman as US chief executive

(ShareCast News) - FTSE 100 payments process Worldpay has appointed Kim Crawford Goodman as chief executive officer of its US business with effect from 7 November. After a handover period, she will succeed Floris de Kort who has decided to leave the group at the end of this year. Goodman has held s

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19 Sep 2016 07:19

Andes Energia Snaps Up BT Chairman Michael Rake As Non-Executive

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8 Sep 2016 15:12

UK Dividends Calendar - Next 7 Days

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7 Sep 2016 08:31

Worldpay slumps as Bain, Advent sell more shares than expected

(ShareCast News) - Shares in payments processor Worldpay slumped on Wednesday as it emerged that private equity firms Advent International and Bain Capital LLP sold a bigger-than-expected stake in the company through their Ship Global 2 & Cy SCA vehicle. Ship Global, which is jointly owned by the tw

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7 Sep 2016 07:33

LONDON MARKET OPEN: Mixed Open; Ashtead Leads Gainers, Worldpay Losers

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