Fiserv price target lowered to $250 from $270 at Susquehanna

Susquehanna lowered the firm’s price target on Fiserv (FI) to $250 from $270 and keeps a Positive rating on the shares. The firm said they like the setup as it appears Clover is seeing accelerated take-up in new geos like Brazil and Mexico, and demand continues in Argentina. The CEO transition appears to be sitting well among investors. From a macro lens, while tariffs are a major concern, Fiserv’s relatively high exposure to less discretionary spend verticals like “Grocery” and “Petrol,” volumes should remain more resilient versus those of peers.