Wedbush Starts Vantiv (VNTV) at Neutral

September 9, 2016 7:25 AM EDT
Get Alerts VNTV Hot Sheet
Price: $62.33 -0.43%

Rating Summary:
    21 Buy, 12 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 9
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Wedbush initiates coverage on Vantiv (NYSE: VNTV) with a Neutral rating and a price target of $60.00.

Analyst Moshe Katri commented, "We are initiating coverage on Vantiv with a NEUTRAL rating and $60 PT. Our NEUTRAL rating reflects a combination of rich valuation (18X WS/consensus FY17E adj. EPS) as well as by challenging comps in the FI segment and recently driven by short-term tailwinds at the POS (merchants undergoing infrastructure upgrade)."

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 $55.03 yesterday.

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