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Fly News Breaks for February 11, 2020
Feb 11, 2020 | 09:41 EDT
SunTrust analyst Andrew Jeffrey raised his price target on FIS to $155, saying the company's consolidated Payments entities will continue to outperform the market given the "robust end market demand" and "ample" cost synergies. The analyst also sees the business model diversification lifting FIS valuation, but he keeps his Hold rating on the stock and contends that relative to its peers, the company has more revenue growth acceleration risk.