- Merchant acquirers will probably benefit from "positive dynamics" over the next three years, says analyst Jeff Cantwell, with the "electronicification" of money being a strong secular tailwind.
- He starts Square (NYSE:SQ), First Data (NYSE:FDC), and Global Payments Network (NYSE:GPN) each at Buy, and Vantiv (VNTV) at Neutral.
- A key risk to his outlook, he adds, is the possibility of tighter financial regulation.
- Square also notches a new Buy rating at Nomura. It's higher by 2.4% premarket.
- Source: Bloomberg