Ron Burgundy Posted May 22, 2016 Share Posted May 22, 2016 (Reuters) - First Data Corp shares could rise as much as 70 percent if the company's performance continues to improve, according to a report on Sunday from the financial publication Barron's. The payments processor, which has seen shares fall 20 percent since its 2015 initial public offering, is making progress strengthening its balance sheet and rebuilding its business, Barron's said. Under Chief Executive Officer Frank Bisignano, First Data has improved its technology, paid down debt and got creditors to postpone to 2021 $5 billion in debt payments that were to be payable in 2018. Improved technology and salesmanship should help First Data generate more revenue, Barron's said. View the full article Quote Link to comment Share on other sites More sharing options...
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