Fiserv price target raised to $130 from $120 at Jefferies

Jefferies analyst Trevor Williams raised the firm’s price target on Fiserv (FI) to $130 from $120 and keeps a Hold rating on the shares. The firm is expecting “a mostly in-line quarter” and says that Merchant organic growth will continue to be helped by inflation in Argentina. Despite the run in Fiserv and Global Payments (GPN) shares over the last month as macro concerns have been put aside for the time being, the firm sees “fairly supportive set-ups for the prints” from the pair, the analyst tells investors in a preview note.