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Fly News Breaks for June 8, 2016
PAY
Jun 8, 2016 | 07:12 EDT
JPMorgan analyst Tien-tsin Huang downgraded Verifone Systems to Neutral saying the company's "disappointing outlook" opposes his prior thesis of improving revenue visibility and margin expansion. The analyst cut his price target for the shares to $24 from $34. Three other firms downgraded Verifone this morning post-earnings.
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