Wedbush Maintains Neutral on VeriFone Holdings

Wedbush is out with its report today on VeriFone Holdings (NYSE: PAY), maintaining Neutral.

In its report, Wedbush writes, "We believe VeriFone is well positioned as the new payment terminal market leader and will benefit from an accretive Hypercom acquisition after the integration is complete. Maintain NEUTRAL and $40 price target based on risks from the Hypercom integration."

At the time of posting, shares of PAY were trading pre-market at $36.99, up 5.47% from Tuesday's close.