Barclays Defends VeriFone (PAY); Strong Fundamentals - Buy Shares On Weakness

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Barclays reiterates an 'Overweight' on VeriFone (NYSE: PAY) price target of $60.00.

Analyst, Darrin D. Peller, said, "...we believe it's important for investors not to miss the forest for the trees. With materially better-than-market top-line growth trends and EPS growth north of 20%, we would highly recommend buying shares on any material weakness in trading today, ahead of what we expect should be solid growth to come."

For an analyst ratings summary and ratings history on VeriFone click here. For more ratings news on VeriFone click here.

Shares of VeriFone closed at $45.00 yesterday, with a 52 week range of $30.25-$55.89.

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