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

Stephens raised the firm’s price target on Fiserv to $150 from $140 and keeps an Equal Weight rating on the shares. Despite releasing better than expected headline results, the quarter did include some softness in FinTech, the analyst tells investors. However, Fiserve continues to gain share within Acceptance and Payments, while maintaining ample capital flexibility for buybacks and mergers & acquisitions, the firm adds.