VeriFone (PAY) Bullish Stance Reiterated at Jefferies Post Q3

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Go back to VeriFone (PAY) Bullish Stance Reiterated at Jefferies Post Q3

Wedbush Cuts Price target on VeriFone Systems (PAY) to $40 Following 3Q15

September 4, 2015 7:29 AM EDT

Wedbush maintained an Outperform rating on VeriFone (NYSE: PAY), and cut the price target to $40.00 (from $47.00), following the company's 3Q15 earnings results. Revenue of $510 million beat consensus of $501 million. Non-GAAP EPS of $0.47 beat consensus by a penny. PAY issued FQ4 revenue guidance of $510-$513... More