Argus Downgrades VeriFone (PAY) to Hold
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Price: $32.82 +1.74%
Rating Summary:
8 Buy, 27 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 14 | Down: 50 | New: 9
Rating Summary:
8 Buy, 27 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 14 | Down: 50 | New: 9
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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.
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