Argus upgraded Fiserv (NASDAQ: FISV) from Hold to Buy with a price target of $114.00 following a strong first quarter.

The analyst is raising 2016 and 2017 EPS estimates to reflect the 1Q earnings beat and prospects for further operating margin expansion.

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 $102.64 yesterday.