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Stock Market & Financial Investment News

News Breaks
January 15, 2014
06:09 EDTPAYVeriFone price target raised to $37 from $27 at Raymond James
Raymond James raised Verifone's (PAY) price target to $37 following comments by Target's (TGT) CEO supporting the adoption of the new Europay Visa MasterCard payment card standard in the U.S. The firm believes the migration to the new standard will lead to a nationwide PoS terminal upgrade cycle which will benefit Verifone. Shares are Outperform rated.
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July 10, 2014
06:00 EDTPAYeBay repatriated cash likely to be used for M&A, says Piper Jaffray
Piper Jaffray believes a large part of the $9B in cash eBay expects to repatriate to the U.S. will be used for acquisitions in the payments space. The cash, equating to $6B net of taxes, could help eBay take advantage of the shift to mobile payments, the firm says. Piper lists Square, VeriFone (PAY), iZettle and Corduro as companies in the payment space that are within acquisition range for eBay. The firm has an Overweight rating on eBay with a $63 price target.

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