FIS's Future Forward Initiative Gains Traction: Analyst Highlights Prospective $1.25B Cash Spending Reduction
Portfolio Pulse from Nabaparna Bhattacharya
Susquehanna analyst James E Friedman reiterated a Positive rating on Fidelity National Information Services, Inc. (FIS) with a price target of $81. The company's Future Forward initiative aims to reduce cash spending by $1.25 billion, with improving margin visibility. FIS is expected to benefit from new regulatory capital requirements and traction in non-FIs, specifically among Corporates and Governments.
June 15, 2023 | 6:24 pm
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Fidelity National Information Services (FIS) is expected to benefit from its Future Forward initiative, which aims to reduce cash spending by $1.25 billion. The company is also expected to gain from new regulatory capital requirements and traction in non-FIs.
The article highlights the positive outlook for FIS due to its Future Forward initiative, which aims to reduce cash spending by $1.25 billion. This, along with new regulatory capital requirements and traction in non-FIs, is expected to benefit the company in the short term. The analyst's Positive rating and price target of $81 further support the potential for stock price growth.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100