UPDATE: Bank of America Initiates Coverage on Evertec on Multiple Positive Factors
September 16, 2013 at 11:24 AM EDT
In a report published Monday, Bank of America analyst Sara Gubins initiated coverage on Evertec (NYSE: EVTC ) with a Buy rating and $25.00 price target. In the report, Bank of America noted, “Evertec offers payment processing, merchant acquiring, and outsourcing solutions in the Caribbean and Latin America. We rate