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VNTV

Vantiv

$63.38

-1.81 (-2.78%)

, GPN

Global Payments

$91.02

-0.84 (-0.91%)

13:42
07/17/17
07/17
13:42
07/17/17
13:42

Vantiv should be held amid pricing concerns, says SunTrust

SunTrust analyst Andrew Jeffrey recommends holding shares of Vantiv (VNTV) on any weakness surrounding a negative report highlighting the company's pricing practices. The analyst recommends adding to positions in Global Payments (GPN) and First Data (FDC). Vantiv and its Mercury unit have been aggressive on pricing, but the practices are tied to value-added technology, not an effort to confuse merchants, Jeffrey tells investors in a research note. The analyst also feels the accusations are "impossible to substantiate." He adds that Global Payments and First Data have not pursued pricing practices similar to Vantiv/Mercury. Jeffrey has a Hold rating on Vantiv. The shares are down 3% to $63.21 after Capitol Forum questioned the company's "deceptive" billings practices.

VNTV

Vantiv

$63.38

-1.81 (-2.78%)

GPN

Global Payments

$91.02

-0.84 (-0.91%)

FDC

First Data

$18.42

0.01 (0.05%)

  • 03

    Aug

  • 07

    Aug

VNTV Vantiv
$63.38

-1.81 (-2.78%)

07/17/17
GUGG
07/17/17
UPGRADE
Target $73
GUGG
Buy
Vantiv upgraded to Buy from Neutral at Guggenheim
Guggenheim analyst Jeff Cantwell upgraded Vantiv to Buy and raised his price target for the shares to $73 from $66.
07/13/17
KEYB
07/13/17
UPGRADE
Target $70
KEYB
Overweight
Vantiv upgraded to Overweight from Sector Weight at KeyBanc
KeyBanc analyst Josh Beck upgraded Vantiv to Overweight with a $70 price target. A deep dive analysis into the acquisition of Wordpay indicates a $300M synergy opportunity with $3B-plus value creation, Beck tells investors in a research note. He believes year two of the deal could offer a middle- to high-single-digit percentage earnings accretion. The analyst has a $100 bull case for Vantiv shares.
07/06/17
CHLM
07/06/17
NO CHANGE
Target $74
CHLM
Buy
Vantiv proposed Worlday acquisition looks accretive, says Craig-Hallum
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.
07/06/17
OPCO
07/06/17
NO CHANGE
Target $70
OPCO
Outperform
Oppenheimer views Vantiv acquisition of Worldpay Group as attractive
Oppenheimer analyst Glenn Green says that while the potential acquisition of Worldpay Group appears relatively neutral to FY18E EPS, it would "significantly strengthen" Vantiv's global competitive position. He views the deal as attractive, and reiterates an Outperform rating and $70 price target on Vantiv's shares.
GPN Global Payments
$91.02

-0.84 (-0.91%)

06/01/17
06/01/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Pentair (PNR) reinstated with a Sell at Goldman Sachs. 2. Global Payments (GPN) coverage resumed with a Buy at Stifel. 3. Caesars (CZR) initiated with an Outperform at Oppenheimer. 4. Resolute Energy (REN) initiated with a Buy at SunTrust. 5. Ziopharm (ZIOP) initiated with a Buy at H.C. Wainwright. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/22/17
BARD
06/22/17
NO CHANGE
Target $98
BARD
Outperform
Global Payments a great play on worldwide card trends, says Baird
Baird analyst David Koning updated his model on Global Payments to reflect mild adjustments to timing and FX but he left his overall full-year estimates intact. He continues to view the risk/reward as quite attractive and called it a great play on worldwide card trends and the only acquirer with both high single digit organic revenue growth and good margin expansion opportunity over the next few years. Koning reiterated his Outperform rating and $98 rice target on Global Payments shares.
06/27/17
MZHO
06/27/17
INITIATION
Target $105
MZHO
Buy
Global Payments initiated with a Buy at Mizuho
Mizuho analyst Thomas McCrohan initiated Global Payments with a Buy with a $105 price target.
07/13/17
FBCO
07/13/17
NO CHANGE
Target $97
FBCO
Outperform
Global Payments price target raised to $97 from $91 at Credit Suisse
Credit Suisse analyst Paul Condra raised his price target for Global Payments to $97 from $91 ahead of Q2 results as he expects "strong underlying trends" reported in Q1 to continue with low double-digit growth potential in its U.S. direct channels, which include the direct relationship businesses and Global Payments' integrated verticals. The analyst reiterates an Outperform rating on the shares
FDC First Data
$18.42

0.01 (0.05%)

06/28/17
06/28/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Qualcomm (QCOM) downgraded to Market Perform from Outperform at Northland with analyst Tom Sepenzis citing the previous guidance change due to the dispute with Apple (AAPL) and its suppliers. The analyst is uncertain Qualcomm's model will survive multiple attacks from regulators and now Apple, and said the longer the fight with Apple goes on the more the negative impact on shares will be. 2. Alder Biopharmaceuticals (ALDR) downgraded to Neutral from Outperform at Credit Suisse with analyst Vamil Divan citing the release of data from the PROMISE-1 trial of eptinezumab in frequent migraine treatment. Divan lowered his price target on Alder shares to $17 from $30. 3. Advance Auto Parts (AAP) downgraded to Neutral from Buy at Cleveland Research with the firm saying checks indicate that second quarter comparables are likely running below consensus as industry weakness pressures sales trends. 4. Brookfield Renewable (BEP) downgraded to Neutral from Outperform at Macquarie with analyst David Noseworthy citing expectations that growth in the U.S. will slow after the closing of the TerraForm Power (TERP) and TerraForm Global (GLBL) acquisitions, risk from increasing exposure to developing market, and premium valuation. 5. First Data (FDC) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst James Faucette saying the turnaround in fundamentals is largely reflected in shares and deleveraging potential is less likely to be a driver going forward. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/28/17
06/28/17
DOWNGRADE
Target $19

Equal Weight
First Data downgraded to Equal Weight on valuation at Morgan Stanley
As previously reported, Morgan Stanley downgraded First Data (FDC) to Equal Weight and raised its price target to $19 from $18. Analyst James Faucette said the turnaround in fundamentals is largely reflected in shares and said deleveraging potential is less likely to be a driver going forward. The analyst prefers Vantiv (VNTV) following the recent pullback and thinks it will overcome concerns on softness in retail.
06/28/17
MSCO
06/28/17
DOWNGRADE
MSCO
Equal Weight
First Data downgraded to Equal Weight from Overweight at Morgan Stanley
06/16/17
CHLM
06/16/17
NO CHANGE
CHLM
Blackhawk, Verifone weakness on Amazon news an overreaction, says Craig-Hallum
Craig-Hallum analyst Brad Berning thinks the market has been overreacting to news of Amazon's (AMZN) deal to buy Whole Foods (WFM), which he sees as creating buying opportunities in shares of Blackhawk (HAWK), VeriFone (PAY) and First Data (FDC). On Blackhawk, he notes that the company sells gift cards for both and they are well positioned for the digital channel shift. On First Data, Berning notes that it co-processes Amazon's payments with Chase and he sees potential for Whole Foods to become a market share gainer. For Verifone, the analyst points out that Whole Foods uses its terminals and if Amazon plans to grow store count this could be a positive.

TODAY'S FREE FLY STORIES

OLN

Olin

$34.41

-0.4 (-1.15%)

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AIV

Aimco

$44.15

-0.09 (-0.20%)

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VIAB

Viacom

$26.57

0.31 (1.18%)

, CHTR

Charter

$357.84

-4.76 (-1.31%)

12:38
10/18/17
10/18
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Recommendations
Viacom, Charter analyst commentary  »

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CHTR

Charter

$357.84

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  • 26

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CMG

Chipotle

$321.62

-7.68 (-2.33%)

12:36
10/18/17
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12:36
Hot Stocks
Chipotle slides after analyst says sell on labor costs concerns »

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  • 24

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DYN

Dynegy

$9.53

0.085 (0.90%)

12:35
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Options
Dynegy put volume heavy and directionally bearish »

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BMRN

BioMarin

$93.54

-1.12 (-1.18%)

12:34
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10/18
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BMRN

BioMarin

$93.54

-1.12 (-1.18%)

12:32
10/18/17
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Hot Stocks
BioMarin provides update on development portfolio »

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IBM

IBM

$160.45

13.905 (9.49%)

, ABT

Abbott

$56.00

0.9449 (1.72%)

12:30
10/18/17
10/18
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General news
On The Fly: Top stock stories at midday »

Stocks opened sharply…

IBM

IBM

$160.45

13.905 (9.49%)

ABT

Abbott

$56.00

0.9449 (1.72%)

ANTM

Anthem

$193.45

6.19 (3.31%)

CVS

CVS Health

$74.11

1.475 (2.03%)

CREE

Cree

$29.34

0.06 (0.20%)

RXDX

Ignyta

$14.35

0.95 (7.09%)

AGN

Allergan

$188.67

-9.11 (-4.61%)

SVU

Supervalu

$17.73

-1.65 (-8.51%)

03/08/13
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03/06/13
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  • 01

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    Nov

  • 15

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  • 12

    Dec

BMRN

BioMarin

$93.54

-1.12 (-1.18%)

12:29
10/18/17
10/18
12:29
10/18/17
12:29
Earnings
BioMarin sees 2017 product revenue at mid-point of guidance »

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  • 18

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  • 06

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    Feb

EQT

EQT Corporation

$62.94

-0.3799 (-0.60%)

12:25
10/18/17
10/18
12:25
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12:25
Options
EQT Corporation call volume above normal and directionally bullish »

Bullish option flow…

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  • 26

    Oct

  • 14

    Nov

NLSN

Nielsen

$41.06

1.06 (2.65%)

, LGF

Use LGF.A, LGF.B

12:20
10/18/17
10/18
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12:20
Hot Stocks
Nielsen to independently measure subscription-based streaming content. »

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NLSN

Nielsen

$41.06

1.06 (2.65%)

LGF

Use LGF.A, LGF.B

DIS

Disney

$97.64

-0.7161 (-0.73%)

TWX

Time Warner

$101.12

-0.34 (-0.34%)

NFLX

Netflix

$199.48

-3.2 (-1.58%)

03/08/13
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03/06/13
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  • 22

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$NSD

NASDAQ Market Internals

12:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

12:16
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Technical Analysis
NYSE market internals summary »

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MOBL

MobileIron

$3.80

-0.1 (-2.56%)

12:10
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12:10
Downgrade
MobileIron rating change  »

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MBI

MBIA

$7.08

0.07 (1.00%)

12:10
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Options
Far downside put buyer in MBIA opens a notable new position »

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MOBL

MobileIron

$3.80

-0.1 (-2.56%)

12:07
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12:07
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12:07
Downgrade
MobileIron rating change  »

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STLD

Steel Dynamics

12:06
10/18/17
10/18
12:06
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12:06
Technical Analysis
Technical Earnings Preview: Steel Dynamics has a potential bullish pattern »

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  • 19

    Oct

DANOY

Danone

$16.67

0.3 (1.83%)

12:05
10/18/17
10/18
12:05
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12:05
Hot Stocks
Danone names Emmanuel Faber as both Chairman and CEO »

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NFLX

Netflix

$199.48

-3.2 (-1.58%)

12:00
10/18/17
10/18
12:00
10/18/17
12:00
Options
Large four-way option spread in Netflix as shares slump for a second day »

Large four-way option…

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  • 22

    Oct

12:00
10/18/17
10/18
12:00
10/18/17
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General news
Treasury Action: TIPS are weaker »

Treasury Action: TIPS are…

ADBE

Adobe

$150.38

-0.08 (-0.05%)

11:55
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GMLP

Golar LNG Partners

$22.98

-0.08 (-0.35%)

11:50
10/18/17
10/18
11:50
10/18/17
11:50
Options
Notable call write in Golar LNG Partners »

Notable call write in…

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11:50
10/18/17
10/18
11:50
10/18/17
11:50
General news
FX Action: USD-JPY »

FX Action: USD-JPY…

IPXL

Impax

$19.30

-0.65 (-3.26%)

11:45
10/18/17
10/18
11:45
10/18/17
11:45
Conference/Events
Impax management to meet with Deutsche Bank »

Group luncheon to be held…

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  • 18

    Oct

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    Nov

BITCOIN

Bitcoin

11:44
10/18/17
10/18
11:44
10/18/17
11:44
Hot Stocks
Bitcoin falls after release of CFTC report on virtual currencies »

The U.S. Commodity…

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