UBS Upgrades VeriFone (PAY) to Buy; Several Factors Drove Recent Re-rating, But Still Long-Term Secular Opportunity
Tweet
Share
E-mailGet Alerts PAY Hot Sheet
Price: $40.00 +4.11%
Rating Summary:
7 Buy, 26 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
7 Buy, 26 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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.
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
- Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
- Freedom Broker Upgrades Taylor Devices, Inc. (TAYD) to Buy
- DA Davidson Starts Everus (ECG) at Buy
Create E-mail Alert Related Categories
Analyst EPS Change, Analyst EPS View, Analyst PT Change, UpgradesRelated Entities
UBS, Standard & Poor'sSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
