Fiserv downgraded to Neutral from Overweight at JPMorgan

JPMorgan downgraded Fiserv (FISV) to Neutral from Overweight with an unchanged price target of $85. The firm views 2026 as a “show-me execution year and an investment year” for the company. While a “lot can go right,” a “lot can disappoint too,” the analyst tells investors in a research note. The firm prefers to wait from the sidelines to start 2026.