UPDATE: Morgan Stanley Reiterates On VeriFone Systems Inc Following Strong 3Q14 Results
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
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.