TD Cowen raised the firm’s price target on FIS (FIS) to $87 from $86 and keeps a Hold rating on the shares. The firm said the continuation of sturdy macro indicators support steady Payments performance in 2025. An acceleration in bank volumes were expected, but upside provides comfort in continued consumer health. 4Q estimates are broadly reasonable, leaving the focus on FY25 guides where Cowen sees limited surprises in play.
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