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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FI:
- U.S. Bancorp, Fiserv create integrated agent card issuance
- Fiserv to acquire remaining 49.9% of AIB Merchant Services, terms undisclosed
- Buy Rating for Fiserv: Growth Potential Driven by Clover’s Market Strength and Global Distribution Network
- Fiserv initiated with a Buy at Truist
- Fiserv exec Gelb sells 5,652 common shares
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue