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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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