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FIS downgraded at J. P. Morgan over financial guidance, CFO exit; stock sinks (FIS:NYSE)
Fidelity National Information Services (FIS) stock fell after J. P. Morgan downgraded the company from Overweight to Neutral, reducing its price target from $53.00 to $38.00. The downgrade was attributed to concerns over FIS's financial guidance and the departure of its CFO, despite the company's third-quarter earnings surpassing analyst expectations.
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Source: Alpha VantageRead at Seeking Alpha
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