Morgan Stanley Analyst Sees Long-term Growth Opportunities in Undervalued FIS Stock
Portfolio Pulse from Anusuya Lahiri
Private equity groups are considering purchasing a majority stake in Worldpay from Fidelity National Information Services Inc (FIS) at a valuation exceeding $15 billion. Truist analyst Andrew W. Jeffrey reiterated a Hold rating on FIS with a price target of $60.00, recommending investors to focus on Legacy processors. Morgan Stanley analyst James Faucette had an Overweight rating on the stock with a price target of $79, seeing the stock as undervalued with a long-term opportunity for accelerated growth. Oppenheimer analyst Dominick Gabriele had a Perform rating on FIS.
July 05, 2023 | 7:29 pm
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FIS stock is being eyed by private equity groups for a potential majority stake purchase in Worldpay. Analysts have mixed views on the stock, with a Hold rating from Truist, an Overweight rating from Morgan Stanley, and a Perform rating from Oppenheimer.
The news of potential acquisition of a majority stake in Worldpay by private equity groups could drive FIS stock price up in the short term. The mixed analyst ratings indicate uncertainty, but the Overweight rating from Morgan Stanley suggests potential for growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100