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Fly News Breaks for June 5, 2015
PAY
Jun 5, 2015 | 08:42 EDT
BMO Capital believes that the 54% year-over-year growth in VeriFone's North America business and its "numerous" near-term opportunities outweigh the company's underperforming Asia Pacific region. The firm says that Asia Pacific represents only about 12% of the company's total constant currency revenue. BMO raised its price target on the name to $45 from $42 and keeps an Outperform rating on the stock.
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