Wells Fargo Downgrades Vantiv (VNTV) to Market Perform

Wells Fargo downgraded Vantiv (NYSE: VNTV) from Outperform to Market Perform with a price target of $27.00.

Analyst Timothy Willi said, "We believe VNTV's exposure to everyday spending categories, scalable technology platform and aggressive expansion into new channels (merchant banks, VARs and e-commerce) will drive strong transaction, net revenue and EPS growth during the next several years. At this point, we believe current valuations accurately reflect this favorable outlook."

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 $26.40 yesterday.

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