Fiserv price target lowered to $145 from $165 at Mizuho

Mizuho lowered the firm’s price target on Fiserv (FI) to $145 from $165 and keeps an Outperform rating on the shares as part of an earnings preview. The firm views the company’s organic sales guidance of 10% as “overly optimistic.” It believes the company is likely to fall short of the prior guidance. Although that near-term expectations are likely too high for Fiserv, the company’s medium-term fundamentals “remain sound,” the analyst tells investors in a research note.