FIS price target lowered to $55 from $69 at Susquehanna

Susquehanna lowered the firm’s price target on FIS (FIS) to $55 from $69 and keeps a Neutral rating on the shares. The firm said Q4 revenue came in nicely ahead of plan in both Banking and Capital Markets, and the company shared constructive perspective on the arc of growth ahead. In the context of what it sees as an improving end market among financial Institutions, the firm thinks the company is resonating in the market, especially with its Treasury solutions and Digital One Banking solutions.