BMO Capital initiated coverage of Fiserv (FISV) with a Market Perform rating and $65 price target The firm says management is in the process of rebuilding the company’s credibility as a double-digit earnings compounder. However, Fiserv’s slowing fundamental growth across key businesses makes it difficult to recommend the shares in the near term, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FISV:
- ‘Big Short’ Investor Michael Burry Opens New Position in PayPal Stock (PYPL)
- Fiserv price target lowered to $60 from $68 at Citi
- Fiserv initiated with a Hold at Loop Capital
- Jack Henry initiated with a Buy at Loop Capital
- Loop launches coverage of Payments with positive bias but cautions on volatility