Susquehanna analyst James Friedman said channel checks and discussions with FIS management keep his expectations conservative for at least the first half of 2023 with potential progress possible but not until Q4. he said the company proactively taking steps to mitigate cost pressures and reprioritizing spending will ultimately help the company longer term. Friedman maintains his Positive rating and $100 price target on FIS shares.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on FIS:
- FIS downgraded to Sector Weight from Overweight at KeyBanc
- Fidelity National Information Services call volume above normal and directionally bullish
- ACI Worldwide nomination deadline highlighted by Dealreporter
- Activist involvement at FIS doesn’t come as a surprise, says Wolfe Research
- FIS commences comprehensive assessment, adds new Independent Director to Board