Stock Price Targets Lowered for IBM and Dell Technologies
Deutsche Bank lowered FIS' price target to $50, Mizuho adjusted Dell Technologies to $300, and multiple firms cut targets for other companies due to concerns including weak TPV and loan platform slowdowns.
Deutsche Bank Aktiengesellschaft lowered the price target for Fidelity National Information Services (NYSE:FIS) to $50.00. In other industry news, Mizuho Adjusts Price Target on Dell Technologies to $300 From $260, Maintains Outperform Rating.
Additionally, several investment firms have lowered price targets for other companies. Mizuho cut Rigetti Computing stock price target to $27 based on estimates. Several investment firms, including Truist, have lowered price targets for other companies, citing concerns such as weak cross-border volume and loan platform slowdowns. Specifically, Truist cut SoFi's price target to $17 and lowered PayPal's price target due to these concerns.
Truist's cuts for the companies include: - PayPal stock due to weak TPV and cross-border volume weakness - Toast stock due to margin concerns - FIS with a price target of $50
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