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BTIG downgrades Fiserv, sees ‘laundry list of reasons to not own the stock’

As previously reported, BTIG analyst Andrew Harte downgraded Fiserv (FI) to Neutral from Buy, stating that the firm sees “a laundry list of reasons to not own the stock for the foreseeable future.” Among them, the growth outlook has “effectively been cut in half,” management is getting revamped, there is no visibility into FY26, and “most importantly” the firm thinks Fiserv has lost its prestigious “high quality” label with its 39-year streak of double-digit EPS growth “abruptly upended.” The firm, which is also removing Fiserv as a second half of 2025 Top-Pick, thinks a fair value range for shares is $50-$75.

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