Deutsche Bank Starts VeriFone (PAY) at Hold; Capitalizing on the Changing Electronic Payment Landscape

Deutsche Bank initiates coverage on VeriFone (NYSE: PAY) with a Hold. PT $40.00.

Deutsche analyst says, "A global leader in electronic payment solutions, Verifone offers good exposure to the changing global payments landscape (e.g., EMV and mobile) and the need for both updated payment terminals and new services such as advertising. However, we wait on the sidelines as Verifone digests the Hypercom acquisition and a potential slowdown in the United States and European markets passes."

For more ratings news on VeriFone click here and for the rating history of VeriFone click here.

Shares of VeriFone closed at $34.79 yesterday.

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