Truist analyst Andrew Jeffrey raised the firm’s price target on FIS (FIS) to $65 from $55 and keeps a Hold rating on the shares. The firm thinks FIS management deserves credit for controlling what it can, including recurring revenue and capital return, though it does not think FIS deserves a premium to a high-quality merchant acquirer like Global Payments (GPN), the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on FIS:
- Fidelity National Info Undergoes Executive Leadership Reshuffle
- Fidelity National Information Services (FIS) Q4 Earnings Cheat Sheet
- Elliott Management bought BioMarin and Etsy during Q4, exited Arm
- Jana made Trimble top 5 holding in Q4, exited Wolfspeed
- Fidelity National Info Announces Transaction Completion