Mizuho cuts PayPal, Fiserv, Shift4 targets amid weak outlook

Fintech names like PayPal, Fiserv, and Shift4Payments drew attention after Mizuho cut price targets, citing macro data and cautious management commentary. PayPal target was lowered to $75, Fiserv to $100, and Shift4 to $90, with reduced revenue and margin expectations. Despite the cuts, Mizuho maintained Outperform ratings, noting consumer spending pressures and retail softness.