TD Cowen raised the firm’s price target on Fiserv (FI) to $250 from $233 and keeps a Buy rating on the shares. The firm said the pullback in the shares is a buying opportunity as the company has many new products, geos, and contracts scaling to mitigate potential consumer curtailment. In Cowen’s view, heightened skepticism is too much for an organization that’s demonstrated strong execution with relative insulation and with growth catalysts it controls.
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