UBS Upgrades VeriFone (PAY) to Buy; Several Factors Drove Recent Re-rating, But Still Long-Term Secular Opportunity

June 18, 2012 7:21 AM EDT Send to a Friend
Get Alerts PAY Hot Sheet
Price: $34.05 +2.90%

Rating Summary:
    8 Buy, 14 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 15 | Down: 28 | New: 20
Trade PAY Now!
Join SI Premium – FREE
UBS upgraded VeriFone (NYSE: PAY) from Neutral to Buy. PT cut from $48 to $37.

Analyst, John T. Williams, said, "We believe that the 44% sell-off over the last month (vs. the S&P 500 -4%) has set up a solid entry point at an attractive multiple for medium-term investors."

UBS cut FY12/13 EPS estimate by $0.02 each, to $2.65 and $3.27, respectively.

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 $30.46 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst EPS Change, Analyst EPS View, Analyst PT Change, Upgrades

Related Entities

UBS, Standard & Poor's

Add Your Comment