Fiserv price target lowered to $99 from $220 at Susquehanna

Susquehanna analyst James Friedman lowered the firm’s price target on Fiserv (FI) to $99 from $220 and keeps a Positive rating on the shares. The fim lowered estimates significantly to what they believe represents a durable, post-tailwind level of performance. When adjusted for this more conservative financial presentation, the sharply slower growth profile requires a significant cut to our price target