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Fly News Breaks for February 21, 2018
CATM
Feb 21, 2018 | 07:23 EDT
SunTrust analyst Andrew Jeffrey raised his price target on Cardtronics to $30, citing the company's improving free cash flows, plans to de-leverage, and less focus on M&A to support growth. Jeffrey notes that while the challenging conditions in the U.K. are an overhang, better organic revenue growth and a successful outsourcing strategy in the U.S. offset those concerns. The analyst keeps his Buy rating on Cardtronics, recommending that investors use the recent weakness to add to their positions.
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