Morgan Stanley Feels Confident About Vantiv Following Investor Meetings

In a report published Thursday, Morgan Stanley analyst Smittipon Srethapramote reiterated an Overweight rating on

. In the report, Morgan Stanley noted, “We hosted investor meetings with VNTV's CEO Charles Drucker and CFO Mark Heimbouch in London on Wednesday, September 3rd. Management was upbeat about VNTV being able to continue to gain market share in the merchant services space due to its single technology platform enabling faster deployment of offerings such as end-to-end security and tokenization that merchants are demanding. We also came away from the meetings more positive that the Mercury acquisition was the right move for Vantiv,and that there is likely upside to street numbers from synergies from the acquisition.” Vantiv closed on Wednesday at $31.01.