Market Overview

UPDATE: Jefferies Upgrades Vantiv to Buy on Improved Risk/Reward

Related VNTV
Morgan Stanley Feels Confident About Vantiv Inc Following Investor Meetings
Morgan Stanley: Sectors To Buy As S&P 500 Poised For 2050

Jefferies raised its rating on Vantiv (NYSE: VNTV) from Hold to Buy with an unchanged $24 price target.

Jefferies commented, "We upgrade VNTV to Buy from Hold for 3 reasons: 1) fundamentals (growth and margins) remain solid, and the Litle acquisition makes sense strategically and financially, 2) big lock-up expiration yesterday is an overhang but near-term secondaries seem unlikely at current price, and ultimately these transactions will boost float, 3) relative valuation looks much more attractive. Our estimates and price target are unchanged."

Vantiv closed at $20.15 on Monday.

Latest Ratings for VNTV

DateFirmActionFromTo
Sep 2014Sterne AgeeInitiates Coverage onBuy
Aug 2014JP MorganMaintainsOverweight
Aug 2014BMO CapitalUpgradesMarket PerformOutperform

View More Analyst Ratings for VNTV
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (VNTV)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters