VeriFone Systems (PAY) Tops Q3 EPS by 2c; Guides Well Below the Street

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Go back to VeriFone Systems (PAY) Tops Q3 EPS by 2c; Guides Well Below the Street

Wedbush Downgrades VeriFone (PAY) to Neutral

September 2, 2016 7:12 AM EDT

Wedbush downgraded VeriFone (NYSE: PAY) from Outperform to Neutral with a price target of $20.00 (from $30.00), saying headwinds are unlikely to abate near-term.

Analyst Gil Luria commented, "We are downgrading shares of PAY to NEUTRAL from OUTPERFORM as we do not believe investors... More

Piper Jaffray Downgrades VeriFone (PAY) to Neutral

September 2, 2016 6:34 AM EDT

Piper Jaffray downgraded VeriFone (NYSE: PAY) from Overweight to Neutral with a price target of $19.00 (from $27.00).

Analyst Jason Deleeuw commented, "PAY significantly cut FY 16 guidance and now expects revenue to decline 3% in FY 17 due to 1) a slowdown in U.S. EMV upgrades from SMB... More