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Fly News Breaks for July 8, 2015
CATM
Jul 8, 2015 | 07:31 EDT
After 7-Eleven decided not to renew its contract with Cardtronics, Wells Fargo expects Cardtronics' stock to rebound after its initial sell-off. The firm explains that the uncertainty about 7-Eleven has been eliminated, enabling investors to focus on Cardtronics' growth and its attractive valuation. Wells believes that the stock's valuation is attractive, and it reiterates an Outperform rating on the shares.
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