Fiserv price target lowered to $179 from $266 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Fiserv (FI) to $179 from $266 and keeps an Overweight rating on the shares. With the stock down 14% after earnings, the firm thinks the stock reaction reflects “capitulation by holders who were firmly holding out for unchanged outlook,” calling the company’s slight growth moderation “enough of a trigger.” While the firm expects an “extended period of rebuilding confidence,” it still sees Fiserv as a mid-to-high teens EPS grower, the analyst tells investors.