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Fly News Breaks for November 20, 2019
BCO
Nov 20, 2019 | 04:59 EDT
Goldman Sachs analyst George Tong initiated coverage of Brink's with a Buy rating and 12-month price target of $108. The company has a "healthy" mid-to-high single digit annual organic revenue growth outlook driven by improving service quality, expanding services and the penetration of new markets, Tong tells investors in a research note. Further, he believes Brink's strategy to develop end-to-end cash supply chain managed services targeting retail clients can drive accelerating revenue growth and upward estimate revisions.
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