Wedbush reports that it believes VeriFone Systems, Inc PAY is well positioned to maintain double-digit top line growth “as a stand-alone company and will benefit from significant accretion if it successfully completes the Hypercom acquisition.”
“We continue to believe a deal is likely once VeriFone addresses the DOJ's concerns,” Wedbush writes. “Maintain $50 price target and NEUTRAL rating based on the risks to and from the HYC deal.”
VeriFone Systems closed at $46.64.
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Posted In: Analyst RatingsData Processing & Outsourced ServicesInformation TechnologyVeriFone SystemsWedbush
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