1325 ET - Fiserv's strong fundamentals and upside potential indicate that its best days are ahead, even after a significant period of earnings growth and stock outperformance, Seaport analyst Jeff Cantwell says in a research note. The payments company's Clover platform is about to embark on an expansion into Latin America and should keep growing beyond that, the analyst says. Clover also has great positioning as a tool for small- and mid-sized U.S. businesses and should benefit as those businesses reaccelerate their growth, Cantwell says. He also likes the company's earnings durability and operating leverage. Cantwell upgrades the stock to a buy rating. Shares rise 1.3% to $204.18. (dean.seal@wsj.com)
(END) Dow Jones Newswires
January 14, 2025 13:26 ET (18:26 GMT)
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