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Fly News Breaks for October 15, 2018
FISV
Oct 15, 2018 | 09:09 EDT
Credit Suisse analyst Paul Condra raised his price target for Fiserv to $75 from $67, while reiterating a Neutral rating on the shares. While the stock was somewhat sluggish following Q2 results, it recovered strongly and was up 10% off these lows before falling during the widespread market selloff, he notes. The analyst sees Fiserv's acquisition of US Bank's ATM and debit servicing business as a continuation of its strategy to add incremental businesses that fit the overall growth and margin profile of the company.
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