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Fly News Breaks for May 31, 2018
BCO
May 31, 2018 | 11:52 EDT
Buckingham analyst James Clement raised his price target for Brink's to $110 after the company announced the acquisition of Dunbar. Dunbar is "geographically strong on the east coast and has done a great job of marketing to middle-market retailers and financial institutions," Clement tells investors in a research note. The analyst increased his 2019 earnings per share estimate for Brink's to $5.14 from $4.79 and keeps a Buy rating on the shares.
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