BofA Downgrades Fidelity National Information Services to Neutral
BofA Securities has downgraded Fidelity National Information Services (FIS) from Buy to Neutral, lowering its price target from $42 to $33. The downgrade is primarily driven by concerns regarding the company's capital return timeline, which analysts believe has slipped beyond their expected horizon. Following the announcement, FIS shares experienced a slight decline of 0.17% to $29.71 in pre-market trading on Thursday. The shift reflects investor caution regarding the timing and certainty of shareholder payouts.
Topics: analyst rating change price target reduction stock downgrade
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