Raymond James lowered the firm’s price target on Fiserv (FI) to $167 from $170 and keeps an Outperform rating on the shares. The firm is lowering estimates to account for a reset to 2025/2026 organic growth expectations when management reports Q3 results, the analyst tells investors in a research note. It is prudent to lower the 2026 organic growth outlook into the high single digits, the firm argues, adding that it would take advantage of any potential weakness post the reset, barring any additional unexpected negative surprises.
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