Fiserv price target raised to $180 from $171 at Citi

Citi raised the firm’s price target on Fiserv to $180 from $171 and keeps a Buy rating on the shares. The company delivered favorable Q1 results versus expectations, highlighted by margin and earnings outperformance and a correspondingly raised outlook, the analyst tells investors in a research note. The firm likes the visibility into the multi-year mid-teens or better earnings growth algorithm for Fiserv. It believes the Q1 results should “support a continued grind for the stock.”