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Fly News Breaks for June 8, 2016
PAY
Jun 8, 2016 | 07:49 EDT
After Verifone reported lower than expected EPS and provided weaker than expected guidance, SunTrust says that Verifone is :still effectively a duopoly in its largest markets." Additionally, the firm expects the company to benefit from monetizing its IP over the next four to six quarters. SunTrust cut its price target on the stock to $24 to $37, but it keeps a Buy rating on the name.
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