Fiserv initiated with a Buy at UBSUBS analyst Eric Wasserstrom initiated coverage of Fiserv (FISV) with a Buy rating and $120 price target after the company's combination with First Data (FDC) completed this summer. The analyst forecasts the company generating a medium term revenue growth of about 5%-6% vs. the legacy company run-rate of 4.5%-5% and legacy First Data's 4%-6%, saying the the improved growth rate is largely a function of the change in business mix to incorporate First Data's stronger growing segments. Wasserstrom also anticipates expanding operating margins and a return to share buybacks in 2020 for the Fiserv. FISV  - $106.05
0.41 (0.39%) FDC  - $0.00
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