BMO Capital raised the firm’s price target on Fiserv (FI) to $232 from $222 and keeps an Outperform rating on the shares. Consensus revenue estimates remain a low bar for Fiserv and have room to move higher in the coming quarters, especially if current macro headwinds in LatAM lessen, the analyst tells investors in a research note. Fiserv benefits from greater product differentiation and a premium organic growth rate in its acquiring business, the firm adds.
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Read More on FI:
- Fiserv price target raised to $244 from $190 at Tigress Financial
- Fiserv price target raised to $235 from $215 at Barclays
- Fiserv director sells $8.1M in common stock
- Fiserv price target raised to $222 from $183 at Mizuho
- Fiserv price target raised to $223 from $187 at Argus
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
