As previously reported, Northcoast analyst Kartik Mehta upgraded Fiserv (FISV) to Buy from Neutral, stating that his talks with a number of industry participants have left him with confidence in the opportunity for the company to drive cost efficiencies via its acquisition of First Data (FDC). Mehta also sees potential for Fiserv to achieve cost savings earlier than anticipated. While he understands investor concern about the outcome of the Bank of America (BAC) and First Data joint venture, Mehta sees a greater likelihood that the ownership structure of the JV remains in its current form or that BofA increases its ownership stake, with minimal risk that the bank dissolves the venture. He set a $108 price target on Fiserv shares.