UPDATE: JP Morgan Upgrades Fiserv to Overweight on Comparative Earnings Growth

JP Morgan increased its rating on Fiserv

from Neutral to Overweight and raised its price target from $74 to $85. JP Morgan noted, "We are upgrading our rating on FISV from Neutral to Overweight as we see faster and steadier comparative earnings growth than rival FIS with fewer upcoming headwinds and growovers. Additionally, we believe recent new client wins over the past few quarters (including TD Bank and Zion's) will translate into solid organic out year revenue growth once converted." Fiserv closed at $69.88 on Friday.