JPMorgan upgrades VeriFone, cuts Heartland, Cardtronics JPMorgan recommends taking profits in the merchant acquiring group and downgraded shares of Heartland Payment (HPY) and Cardtronics (CATM) to Neutral from Overweight. The firm upgraded shares of VeriFone (PAY) citing low expectations and the potential for positive earnings revisions with new management in place. JPMorgan raised its price target for VeriFone shares to $32 from $27.
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