Seaport Research analyst Jeff Cantwell initiated coverage of ACI Worldwide with a Buy rating and $31 price target. The firm sees the company entering a period characterized by 7%-plus annual revenue growth, expansion in EBITDA margins and double-digit growth in adjusted EPS as ACI drives the ongoing shift globally towards real-time payments, the analyst tells investors. The firm thinks the company’s banks segment in particular looks well positioned going forward, the analyst added.
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