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FIS: JP Morgan Lowers Price Target, Maintains Overweight Rating
JP Morgan has reiterated its “Overweight” rating for Fidelity National Information Services (FIS) but reduced its price target from $80.00 to $65.00, an 18.75% decrease. This adjustment, made by analyst Tien-Tsin Huang, reflects a cautious but generally optimistic sentiment among analysts regarding FIS’s market conditions. Despite the lowered price target, the average analyst target price of $78.70 suggests a significant upside of 67.39% from its current price, with a consensus “Outperform” recommendation from brokerage firms.