Fidelity National Information Services (FIS) PT Lowered to $95 at RBC Capital

RBC Capital analyst Daniel Perlin lowered the price target on Fidelity National Information Services (NYSE: FIS) to $95.00 (from $104.00) while maintaining an Outperform rating.

The analyst commented: "Despite solid sales momentum continuing from FY24 into FY25, 1Q25 Banking guidance was disappointing, as several items (many nonrecurring) will cause the year to start slow and ramp into 2Q25 and 2H25, thus dampening the increased visibility expected heading into FY25. Capital Markets remains the bright spot and should continue to drive the bus in FY25. We believe the price action is overdone and would be buyers on the weakness."

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