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Fly News Breaks for March 20, 2019
WP, FIS
Mar 20, 2019 | 09:06 EDT
Baird analyst David Konig designated FIS (FIS) as a Fresh Pick following the recent announcement of the merger with Worldpay (WP). In a research note to investors, Konig says he thinks the Street theme is going to be $150 by late 2020, and says the deal should be EPS accretive by 2021 and multiple accretive "like yesterday." Koning has an Outperform rating on FIS with a $132 price target.
News For FIS;WP From the Last 2 Days
FIS
Apr 16, 2024 | 06:34 EDT
BofA raised the firm's price target on FIS to $84 from $79 and keeps a Buy rating on the shares. Ahead of the company's upcoming Q1 earnings report and investor day, the firm says it is "comfortable" with Q1 estimates it says are "quite achievable, as the newer management team has generally provided conservative guidance." Given its view regarding the achievability of near-term estimates and anticipation of positive messages at the upcoming investor day, the firm raised its target FY25 P/E multiple, the analyst tells investors.
