Credit Suisse Starts Heartland Payment Systems (HPY) at Outperform

Credit Suisse initiates coverage on Heartland Payment Systems (NYSE: HPY) with a Outperform rating and a price target of $94.00.

Analyst Paul Condra commented, "We recommend owning the merchant acquirer basket (VNTV, HPY, GPN) for broad exposure to strong fundamentals and company-specific diversification. Valuation is rich, but we believe investors should be on the right side of this group."

For an analyst ratings summary and ratings history on Heartland Payment Systems click here. For more ratings news on Heartland Payment Systems click here.

Shares of Heartland Payment Systems closed at $77.84 yesterday.

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