UPDATE: J.P. Morgan Initiates Coverage on Vantiv

According to a research report published earlier today, J.P. Morgan has initiated Vantiv VNTV with an Overweight rating and $26 PT. In the report, J.P. Morgan said, "Vantiv is a high-quality scale processor with premium revenue growth and industry-high margins rooted by its original owner Fifth Third, with a favorable channel/client mix and simplified tech platform – attributes we view as essential to gaining profitable share and producing solid mid-teens organic EPS growth." Vantiv closed yesterday at $22.52.