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Fiserv assumed with an Outperform at Oppenheimer

Fiserv assumed with an Outperform at Oppenheimer

Oppenheimer analyst Rayna Kumar assumed coverage of Fiserv with an Outperform rating with a price target of $203, up from $170. Fiserv remains well-positioned to generate 9%-12% top-line gains and mid-teens EPS growth, the analyst tells investors in a research note. Fiserv’s Clover is one of the best payment assets in merchant acquiring and should continue to drive market share gains and premium top-line growth, while its Financial Solutions segment revenue growth should remain steady in the mid-single digits and provide some defense toward a potential macro downturn, the firm added.

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