Market Overview

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

Share:
Related PAY
Benzinga's Top Upgrades
Goldman Just Upgraded VeriFone Because It's 'Not A One Trick Pony'

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
Apr 2015Goldman SachsUpgradesNeutralBuy
Apr 2015Stifel NicolausUpgradesHold
Mar 2015BMO CapitalInitiates Coverage onOutperform

View More Analyst Ratings for PAY
View the Latest Analyst Ratings

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

 

Related Articles (PAY)

Around the Web, We're Loving...