UBS Securities downgraded its rating on shares of VeriFone Systems Inc. (NYSE:PAY) to "Neutral" from "Buy", saying near-term catalysts have mostly played out. "The stock has rebounded after overshooting to the downside on growth fears, short interest has declined (but remains elevated), and positive data points from competitors show the secular story is intact," wrote UBS, which raised price target to $41.00 from $37.00. [More...]