Fiserv Target Price Cut to $60.00 by JPMorgan Chase & Co.

Fiserv's target price was decreased by JPMorgan Chase & Co. from $62.00 to $60.00, representing a potential upside of 15.45% from its current price. The firm maintains a 'neutral' rating on the business services provider's stock.

The analyst update is just one of several recent changes in Fiserv's target price and rating. Morgan Stanley set a target price of $59.00, while Mizuho cut their target price to $90.00 from $100.00. Cantor Fitzgerald reaffirmed its 'neutral' rating with a target objective of $53.00.

Fiserv's stock performance has been mixed in recent months. The company's revenue was down 4.1% year-over-year, and adjusted EPS fell to $1.84 from $2.47. Management cited delayed client projects, weaker economic conditions in Argentina, softer hardware sales, and increased technology spending as contributing factors.