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Fly News Breaks for July 20, 2016
FIS
Jul 20, 2016 | 08:03 EDT
Baird previewed Q2 earnings for FIS and continues to view it as a top idea. The firm sees the company's guidance as conservative and expects the stock to keep on its valuation recovery path. Baird reiterated its Outperform rating and raised its price target to $88 from $84 on FIS shares, citing current valuation, easier comps as the year progresses, and expectations for strong earnings growth.
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