Fiserv price target raised to $270 from $230 at Susquehanna

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.