BTIG Starts CardConnect Corp. (CCN) at Buy

September 23, 2016 7:41 AM EDT
Get Alerts CCN Hot Sheet
Price: $9.00 --0%

Rating Summary:
    3 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 48 | New: 20
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BTIG initiates coverage on CardConnect Corp. (NASDAQ: CCN) with a Buy rating and a price target of $14.00.

Analyst Mark Palmer commented, "We are initiating coverage of CardConnect Corporation (CCN) at Buy with a $14 price target based on 11x the company’s FY17E adjusted EBITDA of $46.7mm. We believe CCN differentiates itself by offering small- and medium-sized businesses a bundle comprised of its easy-to-use proprietary payment gateway and its capabilities as one of the largest non-affiliated, non-bank merchant acquirers."

For an analyst ratings summary and ratings history on CardConnect Corp. click here. For more ratings news on CardConnect Corp. click here.

Shares of CardConnect Corp. closed at $9.88 yesterday.

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