Deutsche Bank Starts Fiserv (FISV) at Hold; Will New Growth Drivers Accelerate Organic Growth?

Deutsche Bank initiates coverage on Fiserv (NASDAQ: FISV) with a Hold. PT $55.00.

Deutsche analyst says, "Fiserv is a steady financial processing company that generates solid operating margins and strong free cash flow. Due to the mature core processing industry and the secular decline of item processing, we believe it will likely be challenging for the company to accelerate organic growth above the 2-4% range. We eagerly await signs of a pickup in growth from Fiserv's new initiatives."

For more ratings news on Fiserv click here and for the rating history of Fiserv click here.

Shares of Fiserv closed at $52.91 yesterday.

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