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Fly News Breaks for August 1, 2018
FISV
Aug 1, 2018 | 08:21 EDT
SunTrust analyst Andrew Jeffrey raised his price target on Fiserv to $87 and kept his Buy rating after its Q2 results, saying the company is "in a sweet spot" of organic revenue growth, margin expansion, and free cash flow generation, along with a "shareholder friendly" capital program. The analyst anticipates Fiserv to continue its trend of organic revenue growth in the mid-single-digits, even as he warns that not every quarter will see top-line acceleration.
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