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Stock Market & Financial Investment News

News Breaks
March 12, 2014
09:05 EDTPAYVeriFone price target raised to $40 from $35 at Wedbush
Wedbush raised its price target for VeriFone shares to $40 following the company's better than expected Q1 results and maintains an Outperform rating on the stock. Wedbush expects shares to move higher as the company overcomes its legacy issues and returns to normalized profitability in FY15.
News For PAY From The Last 14 Days
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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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