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
|Sep 2014||Monness Crespi Hardt||Initiates Coverage on||Buy|
|Aug 2014||JP Morgan||Maintains||Overweight|
|Jun 2014||Morgan Stanley||Initiates Coverage on||Equal-weight|
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