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Fly News Breaks for February 25, 2016
HAWK
Feb 25, 2016 | 06:45 EDT
Citi analyst Ashwin Shirvaikar recommends buying shares of Blackhawk Network following yesterday's post-earnings selloff. Excluding the Europay, Mastercard and Visa mandate impact, the company's 2016 outlook "would have been just fine," Shirvaikar tells investors in a research note. He finds the valuation attractive at current levels. Shirvaikar lowered his price target for Blackhawk to $43 from $50 and keeps a Buy rating on the name.
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