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Fly News Breaks for August 13, 2015
FIS
Aug 13, 2015 | 08:12 EDT
Oppenheimer increased its price target on FIS after the company agreed to buy SunGard Data Systems for $9.1B. The firm expects the deal to be immediately accretive to FIS, and notes that the company predicts that the transaction will be about 20% accretive to its EPS by 2018. Oppenheimer says it appreciates the financial rationale for the deal but is less upbeat about the strategic fit, as it says that the companies have very different target markets. However, it keeps an Outperform rating on FIS.
News For FIS 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.
