Investors Cautious as Brinks (BCO) Turnaround Slows, Analyst Sees Potential

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Imperial Capital today reiterated an Outperform rating on Brinks Co. (NYSE: BCO) but cut its price target to $31.00 (from $33.50). On Friday the company reported Q4 results that fell short of expectations.

Commenting on the developments, analyst Michael Kim said, "While we believe investors will likely remain cautious in the near term due to slower turnaround progress in North America and International headwinds, we believe BCO remains positioned for stronger growth into FY14, with potential upside from Mexico and reduced earnings drag from business divestitures in Europe."

For an analyst ratings summary and ratings history on Brinks Co. (NYSE: BCO) click here. For more ratings news on Brinks Co. click here.

Shares of Brinks Co. closed at $27.27 yesterday, with a 52 week range of $20.91-$30.75.

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