Deutsche Bank Starts Fidelity National Information Services (FIS) at Hold; Growth Likely to Stall

Deutsche Bank initiates coverage on Fidelity National Information Services (NYSE: FIS) with a Hold. PT $28.00.

Deutsche analyst says, "Although FIS has grown 6% organically in 1H11, we believe top-line organic growth will begin to slow as we near FY12. FIS is seeing improving sales and pipelines, but it is unclear how fast this will translate into revenue (we will monitor closely). Additionally, FIS has faced challenges growing its EBITDA margins in FY11, but positively, we believe some one-time costs will not recur in FY12, which should help the margin outlook."

For more ratings news on Fidelity National Information Services click here and for the rating history of Fidelity National Information Services click here.

Shares of Fidelity National Information Services closed at $24.33 yesterday.

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