Fiserv price target raised to $220 from $177 at Morgan Stanley

Morgan Stanley analyst James Faucette raised the firm’s price target on Fiserv to $220 from $177 and keeps an Overweight rating on the shares. Despite Fiserv’s premium to payments peers, it is still trading at a meaningful discount on a growth adjusted basis to consumer names, according to the analyst, who continues to like the company’s combination of growth durability and potential for ongoing EPS outperformance.