Jefferies Upgrades Vantiv (VNTV) to Buy Citing Risk/Reward

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Jefferies upgraded Vantiv (NYSE: VNTV) from Hold to Buy with a price target of $24.00.

The firm cited: "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."

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 $20.15 yesterday, with a 52 week range of $18.49-$24.43.

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