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Fly News Breaks for September 4, 2015
PAY
Sep 4, 2015 | 08:16 EDT
After VeriFone reported stronger than expected results, Pacific Crest notes that the company provided North American fiscal 2016 growth guidance of 3%, above market expectations. The firm thinks that the stock's risk/reward ratio is positive. It believes that a new product set to be launched by the company and improvement in the company's international business could boost the shares. Pacific Crest keeps a $39 price target and Overweight rating on the stock.
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