FIS price target raised to $65 from $55 at Truist

Truist raised the firm’s price target on FIS to $65 from $55 and keeps a Hold rating on the shares after its Q4 results. The management deserves credit for controlling what it can – recurring revenue, operating leverage and capital return, the analyst tells investors in a research note. The company’s diversified geographic footprint, strong technology and impressive scale should allow it to take share in the increasingly competitive and mature market, the firm added.