Fly News Breaks for July 8, 2015
CATM
Jul 8, 2015 | 08:24 EDT
Barrington views yesterday's selloff in shares of Cardtronics after the company lost the 7-Eleven contract as a "solid" buying opportunity. The firm believes the loss removes uncertainty and that Cardtronics shares are capable of trading into the high-$40 price range based on comparable group average multiples. Barrington keeps an Outperform rating on Cardtronics with a $40-$45 price target range.
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