TD Cowen raised the firm’s price target on FIS to $75 from $70 and keeps a Hold rating on the shares. The firm came away incrementally positive on its post Investor Day as it made a strong case for a business at a potential inflection point post the Worldpay sale.
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Read More on FIS:
- FIS price target raised to $82 from $78 at Baird
- FIS raises FY24 adjusted EPS view to $4.88-$4.98, consensus $4.71
- FIS sees Q2 adjusted EPS $1.21-$1.25, consensus $1.14
- FIS reports Q1 adjusted EPS $1.10, consensus 95c
- Fidelity National Information Services options imply 7.1% move in share price post-earnings