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Fly News Breaks for January 8, 2020
Jan 8, 2020 | 07:46 EDT
Buckingham analyst James Clement raised his price target for Brink's to $116 from $105 and reiterated a Buy rating after pushing his valuation out to 2021 in anticipation of a 1H20 Investor Day and new three-year strategic plan from management. In a research note to investors, Clement says his best case scenario corresponds to a valuation roughly in-line with the average of public route-based commercial services companies, which he thinks is reasonable, but may take more than one year to achieve.
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