Goldman Sachs Adjusts EPS Forecasts On Fidelity National

According to Goldman Sachs, Fidelity National Information Svcs FIS EPS forecasts are adjusted. Goldman Sachs said that following reported 2Q results it is making modest adjustments to its EPS forecasts to reflect slightly lower EBITDA margin assumptions offset by a touch higher organic revenue growth through the forecast period. “Our 12-month price target of $37 is based on a weighted average model incorporating our sector-relative framework, CY2011 P/E, and EV/EBITDA.” Fidelity National Information Svcs closed yesterday at $29.78.