Mizuho analyst Dan Dolev lowered the firm’s price target on FIS to $70 from $80 and keeps a Buy rating on the shares post the spin off. The analyst remains upbeat about the future prospects for FIS, and expects a “nice beat-and-raise opportunity” in the second half of 2023. However, the firm lowered 2024 estimates on slower merchant.
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Read More on FIS:
- FIS price target raised to $72 from $69 at Stephens
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