U.S. Markets close in 4 hrs 7 mins
  • S&P 500

    3,655.80
    -63.24 (-1.70%)
     
  • Dow 30

    29,344.89
    -338.85 (-1.14%)
     
  • Nasdaq

    10,769.54
    -282.10 (-2.55%)
     
  • Russell 2000

    1,667.82
    -47.42 (-2.76%)
     
  • Crude Oil

    82.07
    -0.08 (-0.10%)
     
  • Gold

    1,668.10
    -1.90 (-0.11%)
     
  • Silver

    18.74
    -0.14 (-0.74%)
     
  • EUR/USD

    0.9781
    +0.0042 (+0.4304%)
     
  • 10-Yr Bond

    3.7510
    +0.0460 (+1.24%)
     
  • Vix

    32.59
    +2.41 (+7.99%)
     
  • GBP/USD

    1.1038
    +0.0152 (+1.4007%)
     
  • USD/JPY

    144.4810
    +0.3590 (+0.2491%)
     
  • BTC-USD

    19,273.04
    -160.61 (-0.83%)
     
  • CMC Crypto 200

    440.94
    -5.04 (-1.13%)
     
  • FTSE 100

    6,881.59
    -123.80 (-1.77%)
     
  • Nikkei 225

    26,422.05
    +248.07 (+0.95%)
     

Fiserv 'turns the tables on its disruptive competitors,' Evercore says in upgrade

·1 min read
Fiserv 'turns the tables on its disruptive competitors,' Evercore says in upgrade

Shares of Fiserv Inc. were rising 1.5% in morning trading Thursday after Evercore ISI analyst David Togut turned bullish on the merchant-acquiring stock, writing that the company is in the early stages of a transformation that seems to be paying off. "In the process, FISV has modified its historically successful playbook of maximizing free-cash flow, repurchasing 6% of stock annually, then repeat," Togut wrote. "The new FISV invests more, acquires more, and occasionally shaves FCF targets to sus