As reported earlier, Goldman Sachs analyst James Schneider upgraded FIS to Buy and raised his price target for the shares to $128 from $108 as part of his broader sector research note titled Payments & IT Services 2019 Outlook. The analyst sees the company benefiting from its defensive position given that the large portion of its revenues are "tied to mission-critical bank operations." Schneider also believes that investors are "under-appreciating" the gross margin and revenue "quality" improvements made by the management of FIS as it divests the company's non-core businesses to streamline its mix.