Fiserv price target raised to $133 from $129 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Fiserv to $133 from $129 and keeps an Equal Weight rating on the shares after the company provided a “strong” medium-term revenue and EPS growth outlook. The firm likes the merchant growth levers, though it would “still like to see faster volume growth,” says the analyst, who adds that the updated Clover targets are “reassuring.”