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 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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.