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Fly News Breaks for February 8, 2018
FISV
Feb 8, 2018 | 09:28 EDT
BMO Capital analyst Paulo Ribeiro raised his price target on Fiserv to $152 after a Q4 earnings beat that was driven by strong revenues and margins. The analyst anticipates FY18 earnings to be supported by the company's strong pipeline with good revenue visibility, which should be greeted by investors after two consecutive quarterly EPS misses. Ribeiro keeps his Market Perform rating on Fiserv, adding that his target P/E is just a slight premium to the company's 3-year historical average.
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