Fiserv initiated with a Buy at Truist

Truist initiated coverage of Fiserv (FI) with a Buy rating and $181 price target The firm believes investors “may be struggling with the setup for Fiserv shares at the moment.” They screen as cheap, but there is risk that the 2025 guide is too high of a bar and the firm expects a guidance cut alongside either Q2 or Q3 results, the analyst tells investors. Despite that, the shares screen as attractive following Fiserv’s recent underperformance and the firm believes investors can still buy the shares in front of a guidance cut as it believes buy-side expectations are already de-risked, the analyst added.