Imperial Capital Downgrades Brinks Co. (BCO) to In-Line

October 28, 2016 6:50 AM EDT
Get Alerts BCO Hot Sheet
Price: $43.05 +0.35%

Rating Summary:
    2 Buy, 6 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Imperial Capital downgraded Brinks Co. (NYSE: BCO) from Outperform to In-Line with a price target of $42.00 (from $38.00).

The analyst commented, "Our price target is about 3% above the recent share price. Since our last report dated 8/3/16, the shares of BCO have risen to above $40 from $33.16 (roughly 23% increase), supporting our previous Outperform rating. Although the company reported improving results, at its current valuation, we believe that some of the near-term optimism is already baked into the current share price."

For an analyst ratings summary and ratings history on Brinks Co. click here. For more ratings news on Brinks Co. click here.

Shares of Brinks Co. closed at $40.64 yesterday.

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