Baird Downgrades Fidelity National Info to Neutral, Raises Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
Baird analyst David Koning downgraded Fidelity National Information Services (FIS) from Outperform to Neutral, while raising the price target from $76 to $78.
March 13, 2024 | 11:39 am
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NEUTRAL IMPACT
Fidelity National Information Services was downgraded by Baird from Outperform to Neutral, but the price target was increased from $76 to $78.
The downgrade to Neutral suggests a more cautious outlook on FIS by Baird, potentially due to market conditions or company-specific factors not detailed in the news. However, the increase in the price target indicates an expectation of some positive performance or stability in the stock's price. This mixed signal could lead to short-term uncertainty among investors, making the impact on the stock price neutral as the market digests both pieces of information.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100