Exane BNP Paribas earlier today upgraded Fiserv to Outperform from Neutral with a $156 price target. The company “offers the “best of both worlds,” combining the “technological edge of specialized point of sale software pure players, with the distribution power of traditional payment incumbents and the margin expansion that goes with it., the analyst tells investors in a research note. The firm believes revenue from Fiserv’s cloud- based point-of-sale and business management platform Clover can exceed the company’s target of $4.5B by fiscal 2026.
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