Truist ‘struggling to recall’ another miss and guide down of Fiserv’s degree

After Fiserv (FI) reported Q3 adjusted revenue and adjusted EPS that both came in “much worse than expected,” Truist is “struggling to recall a miss and guide down to this degree in any of the sub-sectors we have covered during our time on the Street,” the analyst told investors in a note published ahead of the earnings call. Prior to the call, the firm had a Buy rating and $143 price target on Fiserv shares, which are down $52.68, or 42% to $73.49 in morning trading.