In a report published Tuesday, Pacific Crest Securities analyst Josh Beck initiated coverage on Vantiv Inc VNTV with an Outperform rating and $38.00 price target.
In the report, Pacific Crest Securities noted, “Retailers have underinvested in technology and Vantiv's innovative portfolio (software, security, omni-channel) should benefit as merchants modernize processing platforms. We see multiple revenue and EPS upside drivers. Initiating at Outperform with a $38 target.”
Vantiv Inc closed on Monday at $31.35.
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