Barclays analyst Ramsey El-Assal downgraded FIS to Equal Weight from Overweight with a price target of $73, down from $90. The "long-standing Fintech investor playbook" stopped working since the pandemic, leaving confusion and uncertainty "in its wake, El-Assal tells investors in a research note. In his report detailing key changes to the "brave new world" of U.S. payments, processors and IT services. the analyst downgraded FIS.
Published first on TheFly
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