Fiserv price target lowered to $240 from $267 at Citi

Citi lowered the firm’s price target on Fiserv (FI) to $240 from $267 and keeps a Buy rating on the shares. The firm says the company’s fundamentals are intact following the post-earnings selloff. The slower Q1 growth and second half of 2025 ramp were previously signaled, so not much has changed, aside from lighter discretionary spend with a different macro picture versus the February outlook, the analyst tells investors in a research note. Citi says it has a high degree of confidence in Fiserv’s ability to weather adverse environments well, and to continue to grow earnings at a double-digit pace. It recommends buying the shares.