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UPDATE: Compass Point Upgrades Verifone Systems to Buy on Risk/Reward

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Compass Point upgraded Verifone Systems (NYSE: PAY) from Neutral to Buy and maintained a $28.00 price target.

Compass Point noted, "While there is lingering uncertainty surrounding potentially disruptive threats as well as a number of serious historical accounting concerns to be conscious of, the shares are trading near $20.50 in the pre-market down from the 52 week high of $56. We consider the risk/reward at this level favorable. Our $28 price target equals 10x our estimate of next year's Adjusted EPS."

Verifone Systems closed at $20.50 on Wednesday.

Latest Ratings for PAY

DateFirmActionFromTo
Sep 2014Stifel NicolausInitiates Coverage onHold
Sep 2014Monness Crespi HardtInitiates Coverage onBuy
Aug 2014JP MorganMaintainsOverweight

View More Analyst Ratings for PAY
View the Latest Analyst Ratings

Posted-In: Compass PointAnalyst Color Upgrades Analyst Ratings

 

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