RBC Capital lowered the firm’s price target on Fiserv (FI) to $178 from $237 and keeps an Outperform rating on the shares. The overall stock reaction is “overcooked” relative to Fiserv’s results and guidance, but the stock was “fragile” leading into the print, the analyst says. Lower organic growth guidance coupled with lowered margin guidance will continue to weigh on the shares, the analyst tells investors in a research note.
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- Fiserv price target lowered to $228 from $249 at B. Riley
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