Raymond James lowered the firm’s price target on FIS (FIS) to $82 from $88 and keeps an Outperform rating on the shares following “solid” Q3 results that featured about a 2% top line and EPS beat relative to the Street. The FY25 forex-adjusted revenue outlook was raised about 50 basis points, though the implied Q4 guidance is “a bit mixed,” with revenue modestly ahead and EPS a touch light compared to consensus, the analyst tells investors.
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