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Stock Market & Financial Investment News

News Breaks
February 4, 2013
13:10 EDTPAYU.S. Attorney, SEC sought information regarding VeriFone CEO's trading
VeriFone (PAY) disclosed in a regulatory filing that following an article in The Wall Street Journal referencing trading in shares of the company by Douglas Bergeron, CEO, the company received a subpoena from the Office of the U.S. Attorney for the Southern District of New York seeking information regarding Bergeron's trading for a specified time frame, as well as a request for information from the SEC. The company cooperated with those inquiries, including by providing the U.S. Attorney's Office and the SEC with information in support of the company's view that Bergeron's trading was in full compliance with all laws and regulations as well as the company's insider trading compliance policy. Based on recent communications, the company understands that the U.S. Attorney's Office and the SEC have concluded their inquiries. No claim, action or other proceeding was asserted by either authority and the company believes this matter to be concluded.
News For PAY From The Last 14 Days
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April 14, 2015
10:01 EDTPAYOn The Fly: Analyst Upgrade Summary
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05:44 EDTPAYVerifone upgraded to Buy from Neutral at Goldman
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April 7, 2015
10:05 EDTPAYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Carnival (CCL) upgraded to Outperform from Market Perform at Wells Fargo... Crown Castle (CCI) upgraded to Buy from Hold at Evercore ISI... Ctrip.com (CTRP) upgraded to Overweight from Neutral at Piper Jaffray... Demandware (DWRE) upgraded to Conviction Buy from Buy at Goldman... FirstEnergy (FE) upgraded at BofA/Merrill... Frontier Communications (FTR) upgraded to Neutral from Underperform at DA Davidson... JPMorgan (JPM) upgraded to Outperform from Market Perform at Bernstein... Pattern Energy (PEGI) upgraded to Outperform from Market Perform at Raymond James... Ralph Lauren (RL) upgraded to Buy from Outperform at CLSA... ResMed (RMD) upgraded to Outperform from Neutral at Credit Suisse... Ryanair (RYAAY) upgraded to Overweight from Neutral at JPMorgan... Splunk (SPLK) upgraded to Overweight from Neutral at Piper Jaffray... Total (TOT) upgraded at RBC Capital... Verifone (PAY) upgraded to Buy from Hold at Stifel... XL Group (XL) upgraded to Buy from Neutral at UBS.
07:29 EDTPAYVerifone upgraded at Stifel
As noted earlier, Stifel upgraded Verifone to Buy from Hold. The firm believes that the company's success with EMV terminal upgrades has been underappreciated, and it predicts that stabilizing foreign exchange trends and strong EMV growth will cause the stock to revalue. Target $42.
06:43 EDTPAYVerifone upgraded to Buy from Hold at Stifel
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