Argus Downgrades VeriFone (PAY) to Hold
Tweet
Share
E-mail
Get Alerts PAY Hot Sheet
Price: $34.50 -1.54%
Rating Summary:
7 Buy, 27 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 9 | Down: 6 | New: 28
Rating Summary:
7 Buy, 27 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 9 | Down: 6 | New: 28
Join SI Premium – FREE
Argus downgraded VeriFone (NYSE: PAY) from Buy to Hold on a weaker outlook.
The firm now expects revenue to be flat in FY16, down from their prior forecast of 5% growth. They are lowering their FY16 EPS forecast to $1.66 from $1.85 and their FY17 estimate to $1.79 from $2.17.
For an analyst ratings summary and ratings history on VeriFone click here. For more ratings news on VeriFone click here.
Shares of VeriFone closed at $16.81 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nomura/Instinet Downgrades Hanwha Systems (272210:KS) to Reduce
- RBC Capital Starts Tabcorp Holdings (TAH:AU) (TABCF) at Outperform
- Adeptus Biotechnologies Corp. (ADPT) PT Raised to $34 at BTIG
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, DowngradesRelated Entities
ArgusSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
