VeriFone Systems (PAY) Reports In-Line Q2 EPS, Rev & FY14 Guidance Strong

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VeriFone (PAY) Estimates, PT Raised at Piper Jaffray Posts Q2

June 6, 2014 8:46 AM EDT

Piper Jaffray analyst Michael Grondahl bumped estimates and his price target on VeriFone (NYSE: PAY) to $36.00 (from $31.00) but maintained a Neutral rating following Q2 results. The firm notes more signs of progress.

Grondahl commented, "After the market close, PAY reported non-GAAP revenues and... More