Fidelity National Information Services (FIS) is a top pick in Seth Klarman’s investment portfolio due to its low price-to-earnings ratio. Mizuho recently decreased its price target on FIS to $83, but maintains an ‘Outperform’ rating. The company offers banking and payment technology solutions globally, making it a cheap value stock to consider.

Mizuho revised FIS’s price target based on updated financial models, projecting slightly lower medium-term EPS forecasts. The analyst raised guidance for FIS’s Banking segment to 4.0%-4.5% and maintains confidence in long-term growth. While FIS is a strong investment, some AI stocks may offer greater upside potential and less downside risk in the current market climate.

Read more at Yahoo Finance: Mizuho Decreases PT on Fidelity National Information Services, Inc. (FIS) to $83; Maintains ‘Outperform’ Rating