KBW Raises PT on Heartland Payment Systems to $18 (HPY)

KBW is out with its report today on Heartland Payment Systems HPY, raising its price target from $16 to $18. In a note to clients, KBW writes, "Following Heartland Payment Systems' 4Q10 earnings results, we are raising our 2011 and 2012 EPS estimates to $0.94 (from $0.91) and $1.08 (from $1.00), respectively. We are also raising our price target to $18 from $16, but maintaining our Market Perform rating." At the time of posting, shares of HPY were trading at $18.90, up 4.48% from Wednesday's close.