UPDATE: J.P. Morgan Initiates Coverage on Vantiv
According to a research report published earlier today, J.P. Morgan has initiated Vantiv (NYSE: VNTV) with an Overweight rating and $26 PT.
In the report, J.P. Morgan said, "Vantiv is a high-quality scale processor with premium revenue growth and industry-high margins rooted by its original owner Fifth Third, with a favorable channel/client mix and simplified tech platform – attributes we view as essential to gaining profitable share and producing solid mid-teens organic EPS growth."
Vantiv closed yesterday at $22.52.
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