FIS price target raised to $92 from $87 at Morgan Stanley

Morgan Stanley raised the firm’s price target on FIS (FIS) to $92 from $87 and keeps an Equal Weight rating on the shares. The firm says in a 2025 outlook note that its Attractive payments and processing industry view are based on improving investor sentiment, young consumer preferences, a call for accelerated investment in competitive strengths, more M&A, and easing regulatory scrutiny.