Truist analyst Andrew Jeffrey raised the firm’s price target on Fiserv to $140 from $120 and keeps a Hold rating on the shares as part of a broader research note on FinTech names. After a strong Q4, the firm sees “more of the same” for the group as investors add exposure in a soft landing and press multiple expansion for fast-growing Digital FinTechs that are approaching profitability, the analyst tells investors in a research note. Fiserv looks to be operating from a position of strength, and a meaningful acquisition could accelerate industry consolidation, Truist added.
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