Cantor starts Fiserv at Neutral, says finding way back ‘may take time’

Cantor Fitzgerald analyst Ramsey El-Assal initiated coverage of Fiserv (FISV) with a Neutral rating and $70 price target While recent developments have led to a loss of trust between Fiserv and the investor community, the firm believes this once long-only darling can find its way back with level-set expectations, though it “may take time.” The company’s broad distribution and interconnectivity across business lines have made it an integral part of the financial ecosystem, a status unlikely to change, the analyst tells investors in a research note.