Fiserv downgraded to Neutral from Buy at Seaport Research

Seaport Research downgraded Fiserv (FI) to Neutral from Buy without a price target following the earnings report. The company guided down 2025, said 2026 will be a transition year, and what happens in 2027 “is a big question mark,” the analyst tells investors in a research note. The firm says “this was a stunning” Q3 miss/ and guidance cut by Fiserv in terms of magnitude. Seaport expects Fiserv to be a “show me” story for a while.