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UPDATE: Jefferies Upgrades Vantiv to Buy on Improved Risk/Reward

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Jefferies raised its rating on Vantiv (NYSE: VNTV) from Hold to Buy with an unchanged $24 price target.

Jefferies commented, "We upgrade VNTV to Buy from Hold for 3 reasons: 1) fundamentals (growth and margins) remain solid, and the Litle acquisition makes sense strategically and financially, 2) big lock-up expiration yesterday is an overhang but near-term secondaries seem unlikely at current price, and ultimately these transactions will boost float, 3) relative valuation looks much more attractive. Our estimates and price target are unchanged."

Vantiv closed at $20.15 on Monday.

Latest Ratings for VNTV

DateFirmActionFromTo
Feb 2017JefferiesDowngradesBuyHold
Jan 2017Cantor FitzgeraldInitiates Coverage OnOverweight
Jan 2017BMO CapitalInitiates Coverage OnMarket Perform

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Posted-In: JefferiesAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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