UPDATE: Stifel Initiates Coverage Evertec on Potential Upside in Puerto Rico Economy

In a report published Tuesday, Stifel Nicolaus analyst Christopher Brendler initiated coverage of Evertec, Inc. (NYSE: EVTC ) with a Buy rating and a $27.00 price target, based on 14x its 2015 EPS estimate. According to the report, Evertec is a compelling international growth story with a strong base in