FIS price target raised to $90 from $80 at Jefferies

Jefferies raised the firm’s price target on FIS to $90 from $80 and keeps a Hold rating on the shares. EPS revisions are “mostly played out,” but the story should stay on track with a reiteration of the Banking acceleration in Q4, while capital markets likely has Q3 and Q4 upside, the analyst tells investors in an earnings preview.