Jefferies & Company Reiterates Hold Rating, $40 PT on Fidelity National Information Services
In a report published Monday, Jefferies & Company reiterated its Hold rating and $40.00 price target on Fidelity National Information Services (NYSE: FIS).
Jefferies noted, “Earlier, FIS announced CFO Micheal Hayford will be retiring in 2013, and that the company is commencing an internal/external search for a replacement. Mr. Hayford is retiring after a 20-yr career at Metavante/FIS, and is likely to play an active role helping to select his successor. We believe the news is a modest incremental negative, given the Street's high regard for the departing CFO.”
Fidelity National Information Services closed on Friday at $36.16.
Latest Ratings for FIS
|Aug 2014||JP Morgan||Maintains||Neutral|
|Aug 2014||Monness Crespi Hardt||Initiates Coverage on||Buy|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.