FISV - FIS Fiserv chosen as 'Fresh Picks' by Baird as easy comps lie ahead

Baird analyst David Koning names FIS ([[FIS]] +2.5%) and Fiserv ([[FISV]] +1.8%) as "Fresh Picks" and raises price targets on both as they'll face very easy comparisons in about a week when they lap the beginning of pandemic restrictions.Lifts FIS price target to $166 from $154; the stock could be at $150+ in coming weeks, the analyst says.FISV price target raised to $148 from $146; stock could be at $130+ in a couple of months; currently at .On FIS: Expects "extremely easy" small and mid-sized business("SMB")/travel comparisons comparisons helping its Merchant revenue and an increase SMB formation; in the Banking segment, sees FIS taking share, particularly in large banking deals.On Fiserv: "We like companies that are both defensive (EPS +12% in 2020) and have long-term pathways to growth (likely CAGR of ~15%+ EPS over next five years)"; expects "massive growth" in its Merchant segment in about a week.Last week, FIS

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FIS, Fiserv chosen as 'Fresh Picks' by Baird as easy comps lie ahead