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Fly News Breaks for June 5, 2015
PAY
Jun 5, 2015 | 07:36 EDT
SunTrust is generally upbeat on Verifone's results, saying that they came in higher than expected despite a "transitory slowdown" in the Asia region and foreign exchnage pressures. The firm thinks the company's North America business will continue to have a number of tailwinds, including the EMV shift, and it believes the company's execution is improving. It keeps a $47 price target and Buy rating on the name.
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