tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

FIS price target lowered to $88 from $95 at Raymond James

Raymond James analyst John Davis lowered the firm’s price target on FIS (FIS) to $88 from $95 and keeps an Outperform rating on the shares. FIS reported “mixed” Q2 results, featuring a modest 1% top-line beat with adjusted EPS in-line with the Street, though adjusted EBITDA margin disappointed, the analyst tells investors in a research note. Raymond James anticipates margins will be the biggest focus over the next few quarters, and delivering on the updated outlook is critical for the stock.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1