BTIG views the weakness in shares of Fiserv (FI) after the company’s CEO Frank Bisignano announced he is accepting President-Elect Trump’s nomination as Commissioner of Social Security Administration as a buying opportunity. The firm continues to see Fiserv as a “high-quality asset that is worthy of a long position.” Fiserv is a $150B company with segment leaders that are “equally responsible for the company’s success,” the analyst tells investors in a research note. BTIG says that while Bisignano’s pending departure will create some near-term volatility, Fiserv “remains a high quality and long-term Buy.” It keeps a Buy rating on the shares with a $235 price target
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on FI:
- Morgan Stanley buyers of Fiserv weakness on potential leadership change
- Trump Trade: Fiserv shares slip as CEO set to join new administration
- Fiserv CEO exit to Trump administration likely to pressure shares, says BofA
- Morning Movers: Fiserv shares drop following CEO’s nomination to Trump’s cabinet
- Fiserv CEO Frank Bisignano nominated as Social Security Commissioner
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
