Wedbush Starts Vantiv (VNTV) at Neutral
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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)."
Shares of Vantiv closed at $55.03 yesterday.
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