UPDATE: Deutsche Bank Ups Target on Fidelity National to $32

Deutsche Bank raises its price target on Hold-rated Fidelity National

to $32 from $28 on upbeat prospects for 2012 and beyond. Deutsche Bank says, "FIS's 4Q11 adj rev of $1,494m (5% organic) slightly exceeded our $1,483m (4% organic) est, but EPS of $0.66 came in $0.01 below our $0.67 due to a change in biz mix. At the Analyst Day, FIS highlighted optimizing its performance by accelerating its growth organically, delivering EBITDA margin expansion and returning cash to shareholders (large dividend increase). We are reducing our FY12 EPS $0.05 to $2.52, leaving our FY13 EPS unchanged at $2.88." FIS closed at $31.04 yesterday.