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UPDATE: Morgan Stanley Reiterates On VeriFone Systems Inc Following Strong 3Q14 Results

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In a report published Friday, Morgan Stanley analyst Smittipon Srethapramote reiterated an Equal-Weight rating on VeriFone Systems Inc (NYSE: PAY), and raised the price target from $35.00 to $36.00.

In the report, Morgan Stanley noted, “VeriFone continues its turnaround with a strong 3Q14, highlighted by a 4% revenue beat and a 14% Adj. EPS beat. Results were strong across all key segments and geography. We raise our Price Target $1 to $36. Remain EW.”

VeriFone Systems closed on Thursday at $35.05.

Latest Ratings for PAY

DateFirmActionFromTo
Jun 2015CitigroupMaintainsNeutral
Jun 2015Raymond JamesUpgradesMarket PerformOutperform
Jun 2015SunTrust Robinson HumphreyMaintainsBuy

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Posted-In: Morgan Stanley Smittipon SrethapramoteAnalyst Color Price Target Analyst Ratings

 

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