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Vantiv stock price
Vantiv latest news:
Vantiv stock rises after Jefferies upgrades to buy
Shares of Vantiv Inc. rose 1.6% in Thursday morning trading after analysts at Jefferies upgraded the stock to buy from hold. The analysts, led by Ramsey El-Assal, are optimistic about the company's acquisition of Worldpay and its potential to improve Vantiv's business mix. "We believe that the most important investment consideration for acquirers is exposure to higher-growth digital and integrated distribution channels," they wrote, adding that Worldpay helps boost Vantiv's volume from these areas. The analysts also like that the deal reduces Vantiv's reliance on some more troubled segments, such as big-box retailers and department stores. They think the company is a potential beneficiary of tax reform as well. The firm's new price target of $94 is the second highest among 30 analysts covering the stock, according to FactSet. Vantiv shares are up 25% this year, compared with a 19% gain for the S&P 500 Index .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
PayPal stock rises as analyst cheers Venmo opportunities
Shares of PayPal Holdings Inc. gained 0.5% in premarket trading Thursday after an analyst at KeyBanc Capital Markets named the payment-processor a "key idea" for 2018. KeyBanc's Josh Beck is upbeat on the company's efforts to monetize its Venmo peer-to-peer payment platform by letting users pay for e-commerce items using the Venmo app. " The Pay with Venmo opportunity brings in incremental customers with higher profit margins and is well positioned to scale," he wrote in a note to clients Wednesday. Beck has a $90 price target on PayPal shares. His other "key idea" in payments is Vantiv Inc. , as he sees opportunities for the company to drive better-than-expected synergies from its Worldpay deal. PayPal shares have gained 88% so far in 2017, while Vantiv's stock is up 23%. The S&P 500 also rose 23% in that time.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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