Fidelity National (FIS) Stock Gets Rating Upgrade at Jefferies

NEW YORK (TheStreet) -- Fidelity National Information Services (FIS) - Get Report stock was upgraded to "buy" from "hold" at Jefferies on Monday morning. The firm set a price target of $84 on the stock, above its previous target of $72.

The rating change comes as Jefferies sees Fidelity National Information Services as having a clear path to growth.

The firm believes Fidelity is undervalued and that it has "powered through" the growth, margin, and macro headwinds that were holding the stock back.

"We see potential for both earnings outperformance...and multiple expansion," the firm said in a note.

"We believe the [company] is convincingly moving past each of these headwinds, and should benefit from prolonged acceleration in organic growth against easy y/y compares," the firm continued.

Fidelity National Information Services is a Jacksonville, FL-based financial services technology company that offers solutions in retail and enterprise banking, payments, capital markets, asset and wealth management, risk and compliance, treasury and insurance, as well as providing financial consulting and outsourcing services.

Separately, TheStreet Ratings has set a "buy" rating and a score of B on Fidelity National Information Services stock. This is driven by some important positives, which theStreet Ratings believes should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks it covers.

The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. TheStreet Ratings feels its strengths outweigh the fact that the company has had sub par growth in net income.

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

You can view the full analysis from the report here: FIS