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May 14 Payment-system provider Net 1 UEPS Technologies (UEPS -5.91%) dips after Janney cut the shares to Neutral today and sliced its valuation target by nearly 30% on the back of its FQ3 results and FY12 outlook on Friday. The firm notes that despite confidence in the company's ability to execute a newly won contract in its home country of South Africa, it says it doesn't feel comfortable with the "unit economics" of the deal, and prefers to move to the sidelines.
Comment![On the Move]
UEPS in Focus
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at MarketWatch.com (May 11, 2012)
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at MarketWatch.com (Jan 18, 2012)
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at CNBC.com (Jan 18, 2012)
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at MarketWatch.com (Nov 10, 2010)
UEPS Press Releases and Filings
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PR Newswire (May 10, 2012)
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Marketwire (Apr 19, 2012)
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Marketwire (Apr 17, 2012)
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Marketwire (Mar 13, 2012)
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Marketwire (Jan 27, 2012)
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