Fiserv price target raised to $163 from $150 at Argus

Argus raised the firm’s price target on Fiserv to $163 from $150 and keeps a Buy rating on the shares after its Q4 earnings beat. The company benefits from a highly scalable business model, and over the last several years, it has consistently turned single-digit revenue growth into double-digit EPS growth with help from strong margins and share buybacks, the analyst tells investors in a research note.