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Fly News Breaks for September 2, 2016
PAY
Sep 2, 2016 | 07:20 EDT
Stifel analyst Christopher Brendler says that VeriFone's second straight "ugly quarter" and "sharp" guidance cut "raises serious questions" about its "strategic direction." He says that the company is not responding to "industry challenges" well However, the analyst expects the company's stock to "overreact" to the results today, and he thinks that Q4 should mark a bottom for the company. As a result, he keeps a Buy rating on the shares.
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