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Fly News Breaks for January 11, 2018
VNTV
Jan 11, 2018 | 17:54 EDT
Stephens analyst Brett Huff initiated Vantiv with an Overweight rating and a price target of $89, saying that after the company closes the acquisition of Worldpay, it will have "the scale and product breadth to drive incremental revenue and profit growth". The analyst says the stock is attractively valued, offers synergies, and could show up to 350bps of cross-sale revenue and 750bps of margin expansion from the merger.
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