Fiserv price target raised to $150 from $140 at Mizuho

Mizuho raised the firm’s price target on Fiserv to $150 from $140 and keeps a Buy rating on the shares following the investor day. The analyst believes Fiserv looks best positioned among the legacy operators to deliver sustainable medium-term growth. The investor day “should finally help FI bifurcate away from its peer group,” the analyst tells investors in a research note. The firm believes Fiserv’s organic growth moat is better than perceived and that Clover’s scale is impressive.