Market Overview

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

Related PAY
PVH Corp Jumps On Upbeat Earnings; Ciena Corporation Shares Slip
Markets Open Higher; VeriFone Profit Tops Street View

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
Sep 2014Monness Crespi HardtInitiates Coverage onBuy
Aug 2014JP MorganMaintainsOverweight
Jun 2014Morgan StanleyInitiates Coverage onEqual-weight

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...

Partner Network

Get Benzinga's Newsletters