FIS price target lowered to $78 from $90 at Mizuho

Mizuho lowered the firm’s price target on FIS to $78 from $90 and keeps a Buy rating on the shares. The company reported "disappointing" Q4 results as organic growth in the "all-important" merchant acquiring segment decelerated to low-single-digits, the analyst tells investors in a research note. The firm says FIS’s 2023 guidance "was perhaps even more disappointing than the quarter."