Fiserv price target raised to $140 from $135 at Citi

Citi raised the firm’s price target on Fiserv to $140 from $135 and keeps a Buy rating on the shares. The company delivered a solid start to 2023 as estimates beat consensus expectations for adjusted revenues, adjusted earnings and free cash flow, the analyst tells investors in a research note. Fiserv continues to assume a modest back-half of 2023 downturn, but the impact of this is reflected in the outlook, says the firm.