Barclays on Vantiv

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In a research note released Monday, Barclays analyst Darrin D. Peller reinstated an Overweight rating on Vantiv, Inc.
VNTV
price target at $40.0. The analyst said that the company has taken a number of steps to transform its business to one that is much more growth oriented. Shares of the company are barely up for the year, despite the overall market soaring. The lag has primarily been due to the company missing guidance and concern in the overall market regarding growth and margin stability. In addition, the company's revenue mix should continue to improve, and organic growth should improve as well. Shares of the company are down one percent on Monday and are up 21 percent year-to-date.
Posted In: EarningsNewsGuidance
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