UPDATE: Cantor Fitzgerald Starts Vantiv (VNTV) at Overweight

Cantor Fitzgerald initiated coverage on Vantiv (NYSE: VNTV) with an Overweight rating and a price target of $74.00.

Analyst Joseph Foresi commented, "We initiate coverage of Vantiv Inc. (VNTV) with an Overweight rating and a price target of $74, offering 18% upside currently. Our Overweight rating is based on the company’s above-industry growth rate and opportunity to continue to take market share through its high-growth channels. Vantiv is the second largest merchant acquirer and the largest PIN debit acquirer by number of transactions in the United States. We like Vantiv’s size and scale advantages, affording the company industry-high margins."

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 $62.62 yesterday.

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