Vantiv (VNTV) Hits 52 Week High After Pacific Crest Reiterates Overweight Rating

Vantiv (NYSE: VNTV) reached a 52 week high today after Pacific Crest analyst, Josh Beck reiterated his Overweight rating. Mr. Beck analyzed SSS trends in key verticals and despite retail woes, Vantiv trends remain robust due to high exposure to nondiscretionary spending.

He also analyzed sensitivity to a slowdown in the financial institution (FI) business next year, but determined it could be easily offset with only modest merchant upside.

No change to price target of $62.

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 $58.98 yesterday.

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