Stephens lowered the firm’s price target on FIS (FIS) to $90 from $100 and keeps an Overweight rating on the shares. The firm attributes the selloff in shares to “soft” FY25 guidance that was weaker than expected on margin and free cash flow. The firm views FIS as “a wait and see story in the near-term,” with the pressure now on management to deliver results through the year, the analyst tells investors.
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Read More on FIS:
- Cautious Hold Rating for Fidelity National Info Amid Valuation Reflection and Banking Segment Uncertainty
- Susquehanna downgrades FIS to Neutral on lack of growth
- FIS price target lowered to $80 from $88 at Wells Fargo
- FIS downgraded to Neutral from Positive at Susquehanna
- Cautious Approach Recommended for Fidelity National Info Amidst Operational Challenges and Conservative Future Guidance