Topeka Capital Starts Vantiv (VNTV) at Buy

Topeka Capital initiated coverage on Vantiv (NYSE: VNTV) with a Buy rating and a price target of $40.00. Analyst John T. Williams noted growth and attractive risk/reward.

"VNTV shares are a rarity in this market: a fast-growing name with estimate upside, favorable secular trends, and a discounted valuation relative to peers with comparable growth profiles. Our 2015/2016 EPS estimates are 3%/6% above consensus, as we think concerns over FI growth are overdone, expect continued generally strong trends in the merchant segment, and believe the positive impact of the Mercury acquisition is not fully baked into shares," said Williams.

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

Shares of Vantiv closed at $33.62 yesterday.

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