- Bank of America Merrill Lynch begins coverage on VeriFone (NYSE:PAY) with an Underperform rating.
- Analyst Jaons Kupferberg calls profit visibility on VeriFone "far cloudier" than the outlook for other payment stocks it covers.
- The firm sets a price target of $19.
- PAY -1.64% premarket to $20.35 vs. a 52-week trading range of $14.94 to $20.98.