Pacific Crest Initiates Verifone With Outperform

Analysts at Pacific Crest initiated coverage on shares of Verifone Systems

with a Outperform rating. The target price for Verifone Systems is set to $39. Verifone shares have jumped 52.52% over the past 52 weeks, while the S&P 500 index has gained 18.69% in the same period. Verifone's shares fell 0.38% to close at $33.95 yesterday.