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Fly News Breaks for June 22, 2017
VNTV
Jun 22, 2017 | 09:06 EDT
As previously reported, Keefe Bruyette analyst Steven Kwok upgraded Vantiv to Outperform from Market Perform, noting that the stock is down about 9% since its April earnings report amid concerns around the company's exposure to large merchants and supermarkets, which are both seeing disruption. He thinks Vantiv can still generate strong revenue and EPS growth while also seeing upside from capital management and accretive M&A deals. Kwok keeps a $69 price target on Vantiv shares.
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