In a report published Wednesday, Morgan Stanley analyst Smittipon Srethapramote resumed coverage on Vantiv VNTV with an Overweight rating and $39.00 price target.
In the report, Morgan Stanley noted, “We see upside driven by upward revisions to 2015 consensus estimates due to synergies from the Mercury deal as well as room for slight multiple expansion as the market comes to realize VNTV's strengthened position in the US market.”
Vantiv closed on Tuesday at $34.10.
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