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Fly News Breaks for February 8, 2017
FIS
Feb 8, 2017 | 08:34 EDT
Baird analyst David Koning said he understands yesterday's pullback in FIS shares, but he believes the shares set up well for the rest of the year. He understands guidance was disappointing, but he believes the shares can rebound from their selloff, citing the improving health of the banking sector, potential upside to earnings from stock buybacks, very strong free cash flow, and modest valuation. Koning reiterated his Outperform rating and $90 price target on FIS shares.
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