Morgan Stanley Maintains Overweight on Fidelity National Info, Lowers Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette has maintained an Overweight rating on Fidelity National Info (FIS) but lowered the price target from $79 to $73.
August 04, 2023 | 1:37 pm
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Fidelity National Info's price target has been lowered by Morgan Stanley from $79 to $73, though the Overweight rating is maintained.
The lowering of the price target by a major financial institution like Morgan Stanley could potentially lead to a decrease in the stock price of FIS in the short term. However, the maintained Overweight rating indicates that the analyst still sees potential for the stock to outperform.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100