Fiserv price target raised to $180 from $158 at RBC Capital

RBC Capital analyst Daniel Perlin raised the firm’s price target on Fiserv to $180 from $158 and keeps an Outperform rating on the shares after its earnings beat. The company has changed its business segmentation starting in Q1, but the durability of its growth remains undeterred, with Merchant Solutions segment generating 36% organic growth and Clover revenue growth of 30%, the analyst tells investors in a research note.