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Fly News Breaks for September 24, 2018
FIS
Sep 24, 2018 | 09:33 EDT
SunTrust analyst Andrew Jeffrey raised his price target on Fidelity National Information Services to $125 and kept his Buy rating, saying the company offers a "compelling risk/reward" based on its low-to-mid single digit organic rev growth and free cash flow compounding approaching 10%. The analyst expects investors to "increasingly appreciate" Fidelity's consistent organic revenue growth and scalability. Jeffrey adds that while the Fidelity National Information Services stock price has risen 18% this year, it has lagged its faster growing peers, whose valuations can "mean revert" from stretched levels.
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