As reported earlier, Goldman Sachs analyst James Schneider upgraded Fiserv to Buy and raised his price target for the shares to $92 from $78 as part of his broader research note titled Payments & IT Services 2019 Outlook. The analyst sees the company as "the most defensive" in his coverage with revenues being insulated from the macro environment based on its "utility role in core bank operations". Schneider expects the stock to climb higher given its 5-year track record of growing its earnings at a 15% annual rate and the company's continued long-term guidance of EPS growth in the 11%-18% range.