Jefferies Starts Fiserv (FISV) at Buy

December 7, 2012 7:10 AM EST Send to a Friend
Get Alerts FISV Hot Sheet
Price: $78.50 -0.47%

Rating Summary:
    4 Buy, 13 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 28 | New: 24
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Jefferies initiates coverage on Fiserv (NASDAQ: FISV) with a Buy. PT $94.00.

The firm comments, "We believe FISV's differentiated digital strategy has enabled the company to: 1) gain commanding US market share in Internet banking/bill pay, 2) open new sales channels to the largest US banks, 3) nimbly exploit the ongoing consumer shift to mobile banking. We also see FISV as a solid defensive play amid ongoing market volatility (strong FCF, recurring revs), noting that shares outperformed during the last two recessions."

For an analyst ratings summary and ratings history on Fiserv click here. For more ratings news on Fiserv click here.

Shares of Fiserv closed at $79.89 yesterday.

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