Imperial Capital Downgrades VeriFone (PAY) to In-Line
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BTIG Starts VeriFone (PAY) at 'Buy'; Positive on L-T Goals Amid Recent Setbacks
September 9, 2016 7:27 AM EDTBTIG is starting coverage on VeriFone Systems (NYSE: PAY) with a Buy rating and price target of $21.
Analyst Mark Palmer said today, While shares of the point-of-sale electronic payments company have been cast aside by investors¡V the stock is down almost 39% year-to-date and trades at just 9.8x FY17 consensus earnings per share ¡V following two straight disappointing earnings reports that sent the stock tumbling, we believe the market opportunity for PAY in the... More
