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Stock Market & Financial Investment News

News Breaks
May 30, 2014
07:05 EDTPAYVeriFone shares have 'ample' upside potential, says Jefferies
Jefferies sees "ample" upside potential in shares of VeriFone and reiterates a Buy rating on the stock into the company's Q2 results on June 5. The firm sees "modest" upside potential to Q2 consensus estimates and thinks a "slight" guidance raise is possible.
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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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