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

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In a report published Thursday, Morgan Stanley analyst Smittipon Srethapramote reiterated an Equal-Weight rating on Heartland Payment Systems (NYSE: HPY).

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.

Latest Ratings for HPY

DateFirmActionFromTo
Feb 2015Keefe Bruyette & WoodsMaintainsOutperform
Nov 2014Keefe Bruyette & WoodsMaintainsOutperform
Nov 2014JefferiesMaintainsHold

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Posted-In: Morgan Stanley Smittipon SrethapramoteAnalyst Color Reiteration Analyst Ratings

 

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