Argus Downgrades VeriFone (PAY) to Hold
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Go back to Argus Downgrades VeriFone (PAY) to Hold
September 2, 2016 8:29 AM EDT
VeriFone Systems (NYSE: PAY) VeriFone Systems (PAY) is recently down $3.40 to $16.70 in the premarket afer the company cut its guidance. Verifone sees Q4 adjusted revenue $460M, consensus $536.30M. September weekly call option implied volatility is at 69, October is at 46; compared to its 52-week range of 25 to 61.
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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
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
