VeriFone (PAY) Turnaround Continues, Jefferies Says
Jefferies analyst Jason Kupferberg reiterated a Buy rating and $34 price target on VeriFone (NYSE: PAY) following Q1 results, calling it a 'great start to 2014'
Kupferberg said, "The PAY turnaround continues on an upward trajectory, with F1Q results comfortably ahead of expectations on all key metrics, and a slight unexpected uptick in F14 guidance, which likely remains conservative. We see EMV as a modest catalyst, and the new mgmt team deserves credit for simultaneously addressing near-term challenges and longer-term repositioning."
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 $29.25 yesterday, with a 52 week range of $15.34-$36.13.
Kupferberg said, "The PAY turnaround continues on an upward trajectory, with F1Q results comfortably ahead of expectations on all key metrics, and a slight unexpected uptick in F14 guidance, which likely remains conservative. We see EMV as a modest catalyst, and the new mgmt team deserves credit for simultaneously addressing near-term challenges and longer-term repositioning."
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 $29.25 yesterday, with a 52 week range of $15.34-$36.13.