Street View: Abrupt CEO exit may raise questions around Fiserv turnaround challenges
BUZZ-Street View: Abrupt CEO exit may raise questions around Fiserv turnaround challenges ** Fiserv FISV.O said on Monday Mike Lyons has stepped down as CEO after just over a year at the helm. He has been replaced by Takis Georgakopoulos
** Shares slide ~11% to $47.90 in afternoon trading
TURNAROUND CHALLENGES
** TD Cowen ("hold," PT: $64) says the exit is "clearly unexpected so soon after taking the seat and post its May investor day"
** Adds Lyons' short tenure at FISV may raise questions around turnaround challenge
** Raymond James ("market perform") says abrupt transition and its timing a month after investor day is surprising, raising doubts that the turnaround may take longer than expected
** Morningstar ("narrow-moat," PT: $115) says Georgakopoulos is a good choice as a long-time insider would be a poor choice, given the company's history
** J.P. Morgan ("neutral," PT: $75) says the job has become very different than what Lyons signed up for in May 2025
(Reporting by Arasu Kannagi Basil in Bengaluru)