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Fly News Breaks for June 5, 2015
PAY
Jun 5, 2015 | 07:20 EDT
Stifel says that Verifone's results combined "impressive EMV success" and "surprising international weakness." However, the firm says that the company made key share gains in the SMB market, where terminal renewal initiatives should go on for years, while its operating margins should continue to be boosted by its restructuring. Consequently, Stifel remains bullish on the name and reiterates a $42 price target and Buy rating.
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