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Fly News Breaks for January 17, 2020
BCO
Jan 17, 2020 | 07:32 EDT
SunTrust analyst Tobey Sommer raised his price target on Brink's to $115 and kept his Buy rating. The analyst is positive on the company's "superlative" management and its efforts expand margins while consolidating its markets through acquisition of "niche players." Sommer further cites Brink's having expanded its EBITDA margins from 10% to 15% since the new management took over 3.5 years ago and believes that the company is driving the consolidation of the core cash-in-transit business.
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