Fiserv price target raised to $220 from $215 at Wells Fargo

Wells Fargo raised the firm’s price target on Fiserv (FI) to $220 from $215 and keeps an Overweight rating on the shares. The firm notes Q3 showed ongoing consistency, with in-line revenues and EPS/margin beats. Wells views the modest outperformance in shares as a reflection that the recent move was justified and that further appreciation is on the come.