Information Provided By:
Fly News Breaks for July 31, 2019
FISV, FDC
Jul 31, 2019 | 06:34 EDT
Berenberg analyst Tej Sthankiya initiated Fiserv (FISV) with a Buy rating and a price target of $121, saying its acquisition of First Data (FDC) announced earlier this month "transforms" its services to commercial banks and credit unions. The analyst believes that the deal will allow Fiserv to offer a "significant" scale advantage and "deep integration" through its core platform.