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PAY

Verifone

$16.96

0.29 (1.74%)

, MA

MasterCard

$177.87

2.11 (1.20%)

08:13
02/27/18
02/27
08:13
02/27/18
08:13

Verifone to partner with MasterCard for contactless payment options

Verifone (PAY) announced that it will enable its North America payment devices to support all Mastercard (MA) transactions, including contact and contactless. As a result, merchants will be able to provide customers with faster checkout and a wider range of EMV-secure payment options. Supporting Mastercard contactless or tap-and-go payments will play a role in retail environments where speed and convenience are critical.

PAY

Verifone

$16.96

0.29 (1.74%)

MA

MasterCard

$177.87

2.11 (1.20%)

  • 01

    Mar

  • 08

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  • 15

    Mar

PAY Verifone
$16.96

0.29 (1.74%)

11/16/17
11/16/17
DOWNGRADE

Outperform
Verifone downgraded to Outperform on slower PoS sales at Raymond James
As previously reported, Raymond James downgraded Verifone to Outperform from Strong Buy and lowered its price target to $22 from $25. Analyst Wayne Johnson is cautious on FY18 Systems Solutions revenue growth and earnings and thinks it will be dominated by older, flagship architecture and said he can not verify traction in its next-generation Carbon and Engage PoS devices, which lack commitment from a large, domestic name brand retailer.
11/16/17
11/16/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Acorda Therapeutics (ACOR) was downgraded to Hold from Buy at Stifel and to Underperform from Market Perform at Raymond James. 2. Verifone (PAY) downgraded to Outperform from Strong Buy at Raymond James with analyst Wayne Johnson saying he is cautious on fiscal 2018 Systems Solutions revenue growth and earnings and thinks it will be dominated by older, flagship architecture and said he can not verify traction in its next-generation Carbon and Engage PoS devices, which lack commitment from a large, domestic name brand retailer. 3. Marriott (MAR) downgraded to Market Perform from Outperform at Bernstein. 4. Emerson (EMR) downgraded to Market Perform from Outperform at Cowen with the firm saying its increased offer for Rockwell (ROK), if accepted, would result in a very low return for years. 5. NetEase (NTES) downgraded to Sell from Underperform at CLSA with analyst Man Ho Lam saying third quarter results were disappointing and expects negative revenue and earnings momentum to continue into the first half of 2018. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/13/17
RHCO
12/13/17
NO CHANGE
Target $23
RHCO
Buy
Verifone multiple expansion supported by improving cash flows, says SunTrust
SunTrust analyst Andrew Jeffrey kept his Buy rating and a $23 price targat on Verifone (PAY) after its in-line Q4 results and "messy" FY18 guidance. Jeffrey says the company's offerings remain "relevant" across its merchant base despite the competition from Square (SQ), forecasting low-single digit organic revenue growth and better margins going forward. The analyst attributes the FY18 guidance miss to the Street not having adjusted its consensus view following the company's divestitures.
12/19/17
TIGR
12/19/17
NO CHANGE
TIGR
Verifone benefiting from shift to electronic payments, says Tigress Financial
Tigress Financial analyst Ivan Feinseth reiterated a Buy rating on Verifone, saying he was positive on Verifone's ongoing rollout of its next-generation payment devices, its emphasis on payment and other business management services, and its recent divestiture of its non-core lines of business.
MA MasterCard
$177.87

2.11 (1.20%)

02/02/18
RBCM
02/02/18
NO CHANGE
Target $209
RBCM
Outperform
MasterCard price target raised to $209 from $180 at RBC Capital
RBC Capital analyst Daniel Perlin raised his price target on MasterCard to $209 and kept his Outperform rating. Perlin says the company's Q4 earnings were better than expected, and the outlook for 2018 appears to be "very positive" despite the accounting changes and tax reform "noise".
02/02/18
ARGS
02/02/18
UPGRADE
Target $200
ARGS
Buy
MasterCard upgraded to Buy at Argus on continued strength in purchase volume
As reported earlier, Argus analyst Stephen Biggar upgraded MasterCard to Buy from Hold with a price target of $200 after the company's Q4 earnings beat. The analyst says the stock should trade above its historical average earnings multiple, with effective tax rate of 20% seen below 27% in 2017 as well as continued strong purchase volumes and growth in cross-border volumes and processed transactions.
02/02/18
02/02/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. MasterCard (MA) upgraded to Buy from Hold at Argus with analyst Stephen Biggar saying the stock should trade above its historical average earnings multiple, with effective tax rate of 20% seen below 27% in 2017 as well as continued strong purchase volumes and growth in cross-border volumes and processed transactions. 2. Tableau (DATA) upgraded to Hold from Sell at Maxim with analyst Nehal Chokshi citing normalized bookings accelerating to 26% growth in the fourth quarter and sees normalized sales productivity stabilizing at about a 33% level. 3. Mondelez (MDLZ) upgraded to Buy from Hold at Societe Generale with analyst Warren Ackerman saying fourth quarter results were "solid" as emerging markets are rebounding strongly and the worst is over in North America. 4. Huntington Ingalls (HII) upgraded to Outperform from Market Perform at Cowen with analyst Gautam Khanna saying the shares are "excessively discounted" relative to the large cap defense peer average. 5. Sherwin-Williams (SHW) upgraded to Buy from Neutral at Seaport Global with analyst Michael Harrison saying the Valspar deal adds another layer of potential growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/02/18
BMOC
02/02/18
NO CHANGE
Target $206
BMOC
Outperform
MasterCard price target raised to $206 from $174 at BMO Capital
BMO Capital analyst Paulo Ribeiro raised his price target on MasterCard to $206 after the company's Q4 earnings beat that was driven by "across-the-board strength in payment volumes". Ribeiro contends that MasterCard's outlook was also conservative and expects the stock to benefit from strong intra-quarter metrics and expected buybacks while the company is investing in growth. The analyst keeps his Outperform rating on MasterCard.

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Apple

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American Electric

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AVGO

Broadcom

$202.46

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SKY

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General news
Week ending ETF Scorecard: Industrials rebound into lead, Utilities lag »

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CEL-SCI

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PZZA

Papa John's

$53.47

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17:13
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NCNA

NuCana

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Breaking Hot Stocks news story on NuCana »

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