Citi lowered the firm’s price target on FIS (FIS) to $48 from $53 and keeps a Neutral rating on the shares. FIS continues to execute well, says the firm, which thinks that pairing FIS’s licenses, customer trust, and unique financial data set with Anthropic “should yield agentic solutions that help to set FIS apart from peers.” The firm cites lower peer group valuations for its trimmed target.
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