Truist lowered the firm’s price target on FIS (FIS) to $70 from $72 and keeps a Hold rating on the shares as part of a broader research note on select Payments companies. The firm is adjusting its price targets following Q3 results in the space while also noting lower comparable company multiples, further adding that its figures do not yet include the acquisition of Tsys nor the divestiture of Worldpay, the analyst tells investors in a research note.
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