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Fly News Breaks for August 28, 2018
FISV
Aug 28, 2018 | 12:05 EDT
Baird analyst David Koning said a KrebsOnSecurity blog report about Fiserv "may optically look bad" for the company's web platform, though it does not appear any money was lost. The Krebs report noted that a Fiserv spokesperson said a security patch was developed within 24 hours of receiving notice of the weakness and Koning said most security issues of this nature seen in recent years have been fixed quickly with limited financial impact to companies. He continues to like Fiserv's consistency of earnings growth and free cash flow and keeps an Outperform rating on the shares.
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