JPMorgan lowered the firm’s price target on Fiserv (FI) to $210 from $211 and keeps an Overweight rating on the shares. Given commentary from Fiserv, the firm lowered its Q2 Clover volume forecast, which it says seems reflected in the shares now.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FI:
- Fiserv Holds Annual Shareholders Meeting with Key Decisions
- Early notable gainers among liquid option names on May 16th
- Fiserv selloff on ‘Clover-related confusion and controversy’ overdone, says BofA
- Fiserv’s Stock Undervalued Despite Clover Concerns: Buy Rating Affirmed
- Selloff ‘Seems Overblown,’ Says Analyst After Fiserv Stock (FI) Fiasco