FDC : First Data Corp Message Board

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Technology Stocks : FDC : First Data Corp

FDC 31.69

0.0%

Aug 5 5:00 PM EST

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To: Gene Weisskopf who wrote (75)	7/16/1997 2:01:00 PM
From: Gene Weisskopf	of 323

Lehman Brothers said Wednesday it raised its price target on FIRST DATA CORP. (up 1/4 to 45-11/16 at 11:22 am EDT) but trimmed its 1998 earnings estimate. Raised target to $50-52 per share range. Projects revenue growth of more than 20% in three core businesses -- domestic card issuer services, merchant processing and payment instruments -- and 12% revenue growth in international card services. Cut 1998 EPS estimate to $1.90 from $1.92 to reflect revenue loss from the company's sale of First Health businesses. Kept buy rating. (Reuters 10:24 AM ET 07/16/97)

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