it to buy from neutral. The Wall Street firm said the upgrade came after the stock's recent underperformance, adding that the current valuation is difficult to reconcile with the quality of the underlying assets and cash flow power through an entire economic cycle.
— The fintech stock added more than 1% premarket after Morgan Stanley upgraded FIS to overweight from equal weight. Analyst James Faucette said shares are due for a bounce based on "a greater M&A focus, likely derisked numbers, compelling valuation, and a more favorable [venture capital] backdrop."
Just think how good the stock market would have been under the rightful president Donald J Trump.
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