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Add as a preferred source on GoogleFidelity National Information Services, Inc. Shares Fall After J. P. Morgan Downgrade
J. P. Morgan cut its rating on Fidelity National Information Services, Inc. (FIS) to Neutral from Overweight and lowered its price target to $38 from $53. FIS reported third-quarter earnings above analyst expectations.
Fidelity National Information Services, Inc. (FIS) shares fell sharply Wednesday after J. P. Morgan lowered its rating over financial guidance and the chief financial officer’s exit.
The bank moved FIS to Neutral from Overweight and cut its price target to $38 from $53. The downgrade came even though FIS posted third-quarter earnings above analyst expectations.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.