Morgan Stanley Continues to See Balanced Risk/Reward for Heartland Payment Systems

In a report published Thursday, Morgan Stanley analyst Smittipon Srethapramote reiterated an Equal-Weight rating on

. In the report, Morgan Stanley noted, “4Q13 was largely inline, but dilution from the Leaf investment was a mildly negative surprise. Growth in the card segment remained tepid, while growth in the non-card segments (26% of total revs) continued to be very strong. We remain EW as we continue to see balanced risk/reward.” Heartland Payment Systems closed on Wednesday at $41.12.