As previously reported, Loop Capital initiated coverage of Fiserv (FISV) with a Hold rating and $62 price target as part of a broader research note on FinTech Payments. The company is in transition and investors need to see management execute on stated volume, revenue and adjusted EBIT margin goals over the first half of the year before management credibility and stock sentiment could begin to shift, with investors also likely to focus on subsegment revenue growth rate recovery trends, the analyst tells investors in a research note.
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Read More on FISV:
- Loop launches coverage of Payments with positive bias but cautions on volatility
- Fiserv initiated with a Hold at Loop Capital
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