Information Provided By:
Fly News Breaks for October 15, 2018
BCO
Oct 15, 2018 | 09:52 EDT
SunTrust analyst Tobey Sommer lowered his price target on Brink's to $90, saying that while he expects its Q3 organic revenue growth to register at 7%, strong US Dollar should yield a flat top line in the quarter even as the company closed its Dunbar acquisition. Longer term, Sommer keeps his Buy rating on Brink's, saying the company is "leading the charge" in the "route-based cash in transit business" just as consolidation "structurally" improves its margin profile. The analyst adds that his model does not account for the pending Rodoban acquisition in Brazil, which may close as soon as December.
News For BCO From the Last 2 Days
There are no results for your query BCO