UPDATE: Morgan Stanley Reiterates Equal-Weight Rating, Raises PT on VeriFone Systems Following Strong 3Q14 Results

In a report published Friday, Morgan Stanley analyst Smittipon Srethapramote reiterated an Equal-Weight rating on

, 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.