TD Cowen raised the firm’s price target on Fiserv (FI) to $277 from $235 and keeps a Buy rating on the shares. The firm said the quarter demonstrated consistent underlying strength in Merchant led by Clover upside while the company is poised to accelerate in FY25 as new products and relations scale. Durability in the company’s financial profile including mid-teens EPS growth remains attractive and its consistency is supportive of further multiple expansion.
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