Buy the Fiserv (FISV) Weakness - Stephens

Stephens analyst Brett Huff reiterated an Overweight rating and $114.00 price target on Fiserv (NASDAQ: FISV) after the company announced announced BAC JV termination/splitting of assets by '20. Despite this announcement, result conform to FISV 2Q commentary of resolution having no outcome that "creates...meaningful negative impact to First Data's earnings and free cash flow for at least the next three to five years.".

The analyst stated "Think mkt sells early poor optics of dissolution/ losing partner but soon rewards EPS/FCF neutral/positive outcome and non-impact to >20% Y1 accretion/>40% full run-rate accretion".

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 $104.64 yesterday.

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