UPDATE: Deutsche Bank Reiterates VeriFone at Sell, Company Optimistic

In a report published Wednesday, Deutsche Bank reiterated its Sell rating on VeriFone (NYSE: PAY ) and maintained its $15.00 price target. Deutsche Bank reported that, “After negatively preannouncing on 2/20/13, PAY reported the details of its 1Q13 results, with revenues of $430m (1% Y/Y, -7% organic) and EPS