Jefferies Reiterates Hold Rating on Fiserv (FI)

Jefferies analyst Trevor Williams reiterated a Hold rating and $165.00 price target on Fiserv (NYSE: FI).

The analyst comments "We spoke with a number of ISOs at a regional merchant acquiring conf. this week in our search for more on the change in Clover's GPV trajectory. Across our convos there wasn't a single common thread. Some ISOs sounded business as usual. We also heard of pricing-driven churn (Clover taking more aggressive pricing actions recently was validated), and some lowering of front-book placements (ISOs/agents favoring processor-agnostic solutions)--but not pervasive."

For an analyst ratings summary and ratings history on Fiserv click here. For more ratings news on Fiserv click here.

Shares of Fiserv closed at $164.16 yesterday.

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