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Fly News Breaks for March 11, 2016
PAY
Mar 11, 2016 | 08:29 EDT
Stifel analyst Christopher Brendler said Verifone took advantage of the U.S. EMV migration to drive "very strong" U.S. results in Q1, though much of the U.S. upside was offset by international weakness. However, the analyst sees an inflection point with a bottom having been reached, especially in Asia. Brendler reiterates a Buy rating and $40 price target on VeriFone shares.
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