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Fly News Breaks for June 9, 2017
PAY
Jun 9, 2017 | 08:48 EDT
Craig-Hallum analyst Bradley Berning said VeriFone's better performance in U.S. retail in Q2 was masked by its petrol media divestiture and weakness in the Taxi business. However, he believes the company's announced divestitures will help it shed its slower growth businesses and lift its gross margins. Berning, who still thinks VeriFone will return to growth, with better margins, in 2018 keeps a Buy rating on the stock.
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