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Fly News Breaks for December 12, 2016
BCO
Dec 12, 2016 | 08:05 EDT
Macquarie analyst James Clement upgraded Brink's to Outperform and raised its price target to $50 from $38 citing relative valuation and new management's mandate to improve margins. The analyst expects Brink's can increase margins on a consolidated company wide basis by about 100bps annually and market share initiatives that could drive annual revenue growth of 5%.
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