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Fly News Breaks for December 5, 2018
FIS
Dec 5, 2018 | 09:18 EDT
After a visit to the company's headquarters, Stephens analyst Brett Huff continues to view FIS as undervalued. The analyst expects the stock to "grind higher" as revenue growth accelerates in 2019 along with good margin expansion. He keeps an Overweight rating on the stock with a $118 price target.
News For FIS From the Last 2 Days
FIS
Mar 26, 2024 | 08:09 EDT
Evercore ISI analyst David Togut raised the firm's price target on FIS to $62 from $58 and keeps an In Line rating on the shares. February U.S. payment volume growth accelerated following a soft January, with commentary from Visa (V) pointing to quarter-to-date U.S. payment volume growth through February 21 in line with the Q4 rate of 5%, the analyst tells investors. Overall, calendar Q1 data points reflect a U.S. soft-landing scenario, supporting continued, stable payment volume growth, and creating a favorable set up for most of the payment companies the firm covers, the analyst added in a Q1 preview note for the payments, processors and IT services group.