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Fly News Breaks for November 16, 2016
CATM
Nov 16, 2016 | 06:14 EDT
Wells Fargo analyst Timothy Willi downgraded Cardtronics to Market Perform saying the stock is now fully valued. The company has been able to "largely plug the gap" left by 7-Eleven contract, Willi tells investors in a research note. He believes, however, that the "optics" of Cardtronics' revenue and earnings growth will be impacted over the next 18-24 months as the 7-Eleven contract rolls off. The analyst keeps a $54-$56 price target range for the shares.
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