As previously reported prior to the open, Exane BNP Paribas analyst Thomas Poutrieux downgraded FIS (FIS) to Underperform from Neutral with an $80 price target citing downside risk to Capital Market Solutions growth, less support from non-operational items to adjusted EPS growth, and what it views as a “demanding valuation.” The firm ran its annual Payment Survey, with 3,000 consumers in the U.S., UK, Germany, France and Italy and said the results point to “another slow year ahead,” the analyst added.
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Read More on FIS:
- Compass Point sees return to pre-COVID valuation, starts FIS with a Buy
- FIS downgraded to Underperform from Neutral at Exane BNP Paribas
- FIS initiated with a Buy at Compass Point
- Fidelity National Info Appoints New Chief Accounting Officer
- FIS price target raised to $102 from $98 at Barclays
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
