FIS price target raised to $86 from $78 at TD Cowen

TD Cowen raised the firm’s price target on FIS (FIS) to $86 from $78 and keeps a Hold rating on the shares. The firm said the company is executing according to plan, putting up healthy 3Q results with no surprises; upside came in accelerated Banking recurring growth, while transitory benefits helped in EPS from interest and Worldpay opex timing.