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Fly News Breaks for July 6, 2017
VNTV
Jul 6, 2017 | 08:54 EDT
Craig-Hallum analyst Brad Berning believes a potential Vantiv/Worldpay combination would be 5% accretive to Vantiv's non-GAAP EPS after cost savings, and 11% accretive on EV/EBITDA valuation. Further, the analyst says that strategically Worldpay makes sense to drive a larger allocation to eCommerce, expand internationally to the U.K., increase U.S. exposure, and reduce big box exposure mix. He reiterates a Buy rating and $74 price target on Vantiv's shares.
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