Citi opens ‘positive catalyst watch’ on FIS into earnings

Citi added a “90-day positive catalyst watch” on shares of FIS while keeping a Neutral rating on the name with an $80 price target. The firm looks for good results as a follow-through from the May investor day, with level of outperformance “that is somewhat anticipated.” The analyst says steady results in conjunction with illustration of product velocity and pipeline momentum within Banking Solutions may support modest upside for the stock.