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Fiserv price target lowered to $165 from $194 at Mizuho

Mizuho analyst Dan Dolev lowered the firm’s price target on Fiserv (FI) to $165 from $194 and keeps an Outperform rating on the shares following last week’s Q2 report. The firm cites reduced organic growth expectations for the target cut. Hitting $3.5B of Clover revenue is feasible but likely requires better yield, which may be challenging as channel checks suggest that prior price increases have weighed on growth, the analyst tells investors in a research note.

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