Fly News Breaks for December 19, 2019
FIS
Dec 19, 2019 | 08:00 EDT
Baird analyst David Koning designated FIS as a Fresh Pick following the completion of its merger with WorldPay back on July 31. He notes the shares have underperformed, but he sees several ways for estimates to rise while the backdrop of growth seems quite healthy and its valuation seems quite reasonable. Koning reiterated his Outperform rating and raised his price target to $166 from $162 on FIS shares.
News For FIS From the Last 2 Days
FIS
Apr 16, 2024 | 06:34 EDT
BofA raised the firm's price target on FIS to $84 from $79 and keeps a Buy rating on the shares. Ahead of the company's upcoming Q1 earnings report and investor day, the firm says it is "comfortable" with Q1 estimates it says are "quite achievable, as the newer management team has generally provided conservative guidance." Given its view regarding the achievability of near-term estimates and anticipation of positive messages at the upcoming investor day, the firm raised its target FY25 P/E multiple, the analyst tells investors.