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Goldman Sachs Upgrades Fiserv (FISV) to Buy

October 20, 2011 7:42 AM EDT
Get Alerts FISV Hot Sheet
Price: $114.23 --0%

Rating Summary:
    29 Buy, 14 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 18 | New: 17
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Goldman Sachs upgraded Fiserv (NASDAQ: FISV) to Buy with a price target of $67, suggesting 16% upside.

The firm cited strong recurring revenue, margin expansion, and capital discipline. They also said "positive exposure to debit and electronic payments should drive better organic revenue and and an upward bias to forecast."

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

Shares of Fiserv closed at $57.00 yesterday.


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