Evercore ISI Group Downgrades Fidelity National Info to Neutral, Lowers Price Target to $60
Portfolio Pulse from richadhand@benzinga.com
Evercore ISI Group analyst David Togut has downgraded Fidelity National Info (FIS) from Outperform to Neutral and lowered the price target from $75 to $60.
August 25, 2023 | 10:50 am
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NEGATIVE IMPACT
Fidelity National Info has been downgraded from Outperform to Neutral by Evercore ISI Group, with a lowered price target of $60.
The downgrade from Outperform to Neutral by Evercore ISI Group indicates a less optimistic outlook for FIS. The lowered price target from $75 to $60 suggests that the analyst believes the stock is currently overvalued, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100