FIS initiated with an Outperform at Credit Suisse » 16:1401/2301/23/20
Credit Suisse analyst…
Credit Suisse analyst Timothy Chiodo initiated coverage of FIS with an Outperform rating and $170 price target.
FIS to solidify Cincinnati presence as technology, innovation campus » 08:2601/2201/22/20
FIS and the State of Ohio…
FIS and the State of Ohio announced that the company plans to solidify its presence in Cincinnati as a strategic technology and innovation campus. The campus in Governor's Hill, in Symmes Township, Ohio, previously served as the corporate headquarters of Worldpay, which was acquired by FIS on July 31, 2019. FIS also said it will continue to invest in its location at the University of Cincinnati's 1819 Innovation Hub, where the company has plans to employ students to work on FinTech applications. The company also plans to continue to work with the University of Cincinnati and Miami University through its initiative to increase the number of students-especially women and underrepresented minorities-who are pursuing degrees related to the fast-growing technology sector.
|Over a week ago|
The Intersection: Crypto and Wall Street This Week » 10:0401/1701/17/20
BTC, BITCOIN, CME, FIS, GBTC, AMD, NVDA, OSTK, DPW, KODK, IDEX, RIOT, TEUM, SRAX
As bitcoin, ethereum and…
FIS downgraded to Neutral from Buy at MoffettNathanson » 06:3901/0701/07/20
MoffettNathanson analyst Lisa Ellis downgraded FIS to Neutral from Buy as part of a broader research note on the payments, processors and IT services sector. For FIS, Ellis says that she views the stock as a core long-term holdings, but expects stock performance to moderate in 2020 as it digests in 2019 merger with Worldpay. Ellis says she believes outperformance on cost synergies is already embedded in expectations and sees limited upside to revenue growth expectations for 2020 as well as limited upside to valuation in the near-term. She does not think the "breather" period will last long, she adds.
|Over a month ago|
The Intersection: Crypto and Wall Street This Week » 09:4112/2012/20/19
BTC, BITCOIN, FB, FIS, AMD, NVDA, OSTK, DPW, KODK, IDEX, RIOT, TEUM, SRAX
As bitcoin, ethereum and…
FIS designated as Fresh Pick at Baird » 08:0012/1912/19/19
Baird analyst David…
Baird analyst David Koning designated FIS as a Fresh Pick following the completion of its merger with WorldPay back on July 31. He notes the shares have underperformed, but he sees several ways for estimates to rise while the backdrop of growth seems quite healthy and its valuation seems quite reasonable. Koning reiterated his Outperform rating and raised his price target to $166 from $162 on FIS shares.
Morgan Stanley starts FIS at Equal Weight with $146 price target » 08:4212/1612/16/19
Morgan Stanley analyst…
Morgan Stanley analyst James Faucette initiated coverage of FIS with an Equal Weight rating and $146 price target, stating that he views it as a leading financial services technology provider with a good business and "interesting" merchant acquiring assets, but also thinks that upside to synergies from its recent acquisition is largely reflected in expectations. He also believes a high level of competitive investment will limit its synergy upside potential longer-term.
FIS initiated with an Equal Weight at Morgan Stanley » 05:5112/1612/16/19
Morgan Stanley initiated…
Morgan Stanley initiated coverage of FIS with an Equal Weight rating and $146 price target.
Fiserv initiated with a Buy at BofA/Merrill » 06:2012/0312/03/19
BofA/Merrill analyst Jason Kupferberg initiated coverage of Fiserv (FISV) with a Buy rating and $128 price target. The analyst notes that the company's all-stock merger with First Data initiated this year makes sense financially and strategically. Kupferberg also believes that the valuation on Fiserv is "palatable", though he has a "modest preference" for its competitor Fidelity National (FIS).
Stephens to hold a conference » 04:5511/1511/15/19
AAN, BSX, CBM, CNI, EA, DPZ, ENSG, EGOV, FIS, FDX, EXP, EPAY, GKOS, GMS, HAL, HUM, JAX, JBHT, LAD, LII, LPX, MATX, MOS, ODFL, VG, UNT, WMT, WNC, RM, POOL, SAVE, SLB, SM, NTR, NOV
2019 Stephens Nashville…
2019 Stephens Nashville Investment Conference will be held in Nashville on November 13-15.