Fiserv price target raised to $130 from $115 at Credit Suisse

Credit Suisse analyst Timothy Chiodo raised the firm’s price target on Fiserv to $130 from $115 and keeps an Outperform rating on the shares following quarterly results. The firm notes that full year 2023 organic FXN revenue and margins were in-line with medium-term outlook despite embedded assumption of a mild recession in the U.S.