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Fly News Breaks for June 9, 2016
PAY
Jun 9, 2016 | 08:40 EDT
After Verifone provided weaker than expected 2H16 guidance, Argus says that the miss was caused by delayed, not lost, sales. The firm continues to expect the company to benefit from smaller merchants' upgrades to EMV machines. It cut its price target on the shares to $30 from $35 but keeps a Buy rating on the stock.
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