FIS shares should be bought on weakness, says Oppenheimer After FIS reiterated its long-term growth targets and provided in-line FY13 EPS guidance, Oppenheimer thinks the stock can continue to offer annual returns in the mid-teen percentage level, and it reiterates an Outperform rating.
Fidelity National Information upgraded to Outperform at RBC Capital RBC Capital upgraded Fidelity National Information to Outperform from Sector Perform with a $78 price target. The firm upgraded shares based on valuation and said it has increased conviction in the SunGard cost synergies and FY16 visibility.
FIS price target raised to $85 from $71 at Stephens Stephens said it views SunGard as a "very good" strategic fit for FIS and it increased its price target on the stock to $85 from $71 to account for the additional value from the 20% accretion expected from the acquisition. The firm keeps its Overweight rating on FIS shares.