Wells Fargo downgrades Fiserv, TaskUs, Paymentus as market environment 'challenging'

Jan. 09, 2023 2:08 PM ETFiserv, Inc. (FISV)TASK, PAYBy: Jessica Kuruthukulangara, SA News Editor

Businessman using mobile online banking and payments, Digital marketing. Finance and banking network. Online shopping and icon customer networking connection on virtual screen, cyber security. Business technology concept


Wells Fargo on Monday downgraded Fiserv (NASDAQ:FISV), Paymentus (PAY), and TaskUs (TASK) to Underweight from Equal Weight, citing the challenging market environment.

The research firm expects 2023 to be "more challenging fundamentally" for payments and fintech stocks in its coverage compared with

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