Susquehanna analyst James Friedman raised the firm’s price target on Fiserv (FI) to $270 from $230 and keeps a Positive rating on the shares. The firm noted new management but said after management commentary and speaking with the company, they are encouraged this is a “durable” asset built upon a deep bench. Multiple pieces continue to come together to position the company for success, like new hardware use cases, the ramping of new geos, major Issuer deals, Zelle, and CashFlow Central.
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Read More on FI:
- Fiserv price target raised to $265 from $235 at Barclays
- Fiserv participates in a conference call with JPMorgan
- Balanced Outlook on Fiserv: Hold Rating Amid Competitive Pressures and Market Complexities
- Fiserv price target raised to $249 from $218 at B. Riley
- Fiserv price target raised to $277 from $235 at TD Cowen
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