Exane BNP Paribas Downgrades Fidelity National Info to Neutral, Announces $72 Price Target
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas analyst Tom Poutrieux downgraded Fidelity National Information Services (FIS) from Outperform to Neutral and set a price target of $72.
April 11, 2024 | 4:43 pm
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Fidelity National Information Services was downgraded by Exane BNP Paribas from Outperform to Neutral with a new price target of $72.
Analyst downgrades typically lead to a negative short-term impact on the stock price as they reflect a less optimistic view on the company's future performance. The setting of a specific price target provides a benchmark that can influence investor expectations and market sentiment towards the stock.
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