Fiserv price target lowered to $194 from $200 at Mizuho

Mizuho lowered the firm’s price target on Fiserv (FI) to $194 from $200 and keeps an Outperform rating on the shares. The firm cut its Q2 and FY25 Clover volume growth estimates and reminded investors that FY25 is a second half-loaded year, and that Q2 should largely resemble Q1. Mizuho remains upbeat about management’s ability to achieve its growth targets, the firm told investors in a research note.