Goldman Sachs reinstated coverage of FIS with a Buy rating and $84 price target, implying 25% upside. Following the divestiture of a controlling stake in Worldpay, FIS is positioned to deliver on a “much more steady and predictable growth algorithm” with less cyclicality and greater visibility, the analyst tells investors in a research note. The firm expects banking and capital markets to support mid-single-digit revenue growth.
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