JPM downgrades Fiserv, PayPal ratings to 'neutral'

Reuters
2025.12.04 12:34
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J.P. Morgan downgraded Fiserv and PayPal from "overweight" to "neutral," citing disappointing results and strategic shifts. Fiserv's price target was cut to $85, and PayPal's to $70. Fiserv's new CEO focuses on service and technology over short-term growth, while PayPal faces execution risks in growth initiatives. Increased competition and potential changes in payment rules could impact PayPal's economics. Fiserv and PayPal shares have fallen significantly year-to-date.