As previously reported, Susquehanna downgraded FIS (FIS) to Neutral from Positive with a price target of $81, down from $103. In a tough end market with uneven bank IT budgets, it is unclear if and when management can get “back on track” and FIS appears to be encountering a number of free cash flow challenges, the analyst tells investors. The company “needs time to reconfigure,” argues the analyst, who recommends Fiserv (FI) to investors as “a far better, durable asset at an attractive valuation.”
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Read More on FIS:
- 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
- Fidelity National Information (FIS) Stock Drops to S&P 500’s Bottom on Weak Guidance
- Fidelity National Information Services Reports Strong 2024 Results
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