UPDATE: Jefferies Starts Fidelity National Information Services (FIS) at Buy

December 7, 2020 4:38 AM EST
Get Alerts FIS Hot Sheet
Price: $121.84 -1.04%

Rating Summary:
    28 Buy, 9 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 6 | New: 46
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(Updated - December 7, 2020 7:55 AM EST)

(updated to add analyst comments)

Jefferies analyst Trevor Williams initiates coverage on Fidelity National Information Services (NYSE: FIS) with a Buy rating and a price target of $175.00.

The analyst commented, "We initiate coverage on FIS with a Buy rating and $175 PT. Our bullish outlook is driven by: 1) superior asset in core processing with edge among larger FIs and heavy recent investment cycle to develop its next-gen offerings, 2) leading position in cross-bord e re-Comm and integrated payments within Merchant, 3) favorable 2021 set-up as a re-opening play at a compressed relative valuation despite an accelerating organic profile."

For an analyst ratings summary and ratings history on Fidelity National Information Services click here. For more ratings news on Fidelity National Information Services click here.

Shares of Fidelity National Information Services closed at $149.86 yesterday.


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