Fiserv price target raised to $117 from $107 at Morgan Stanley

Morgan Stanley analyst James Faucette raised the firm’s price target on Fiserv (FISV) to $117 from $107 and keeps an Equal Weight rating on the shares. While "encouraged" by the 2023 outlook and Fiserv’s execution across segments, the firm prefers Global Payments (GPN) on valuation and M&A potential, the analyst tells investors.