BUZZ-Payments firm FIS dips after Susquehanna downgrades to 'neutral'

Shares of banking and payments processing firm Fidelity National Information Services FIS.N fall 1.6% to $72 premarket

Susquehanna downgrades FIS to "neutral" from "positive"; cuts PT to $81 from $103, which is still a 10.7% upside to stock's last close

FIS stock plunged 11.5% on Tuesday after the firm forecast a dour Q1 due to timing of various banking contract implementation delays

Brokerage says FIS continues to face more setbacks and it is unclear if and when management can move back on track given it is a tough market with uneven bank IT budgets

Adds that FIS needs time to reconfigure and recommends peer Fiserv FI.N to investors as "a far better, durable asset at an attractive valuation"

Fifteen of 32 brokerages rate the stock "buy" or higher, 16 "hold" and one "sell"; their median PT is $85.75 - LSEG

FIS stock down 9.4% YTD