UPDATE: JP Morgan Downgrades VeriFone to Neutral on Miss Pre-Announcement
February 21, 2013 at 07:35 AM EST
JP Morgan downgraded VeriFone (NYSE: PAY ) from Overweight to Neutral and lowered the price target from $46.00 to $20.00. JP Morgan said, "VeriFone pre-announced a big miss last night. Fundamentally, we thought a minor guidance cut would be a tonic
