Jefferies Reiterates a 'Buy' on Cardtronics (CATM); Breaking Away from the Pack

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Jefferies reiterates a 'Buy' on Cardtronics Inc (NASDAQ: CATM) price target of $34.00 (from $31.00).

Analyst, Ramsey El-Assal, said, "We continue to view CATM as uniquely positioned to gain market share in the fragmented non-bank ATM market. Scale advantages should yield more competitive deal wins (especially in Canada), while tailwinds from prepaid cards and the virtualization of branch banking add a secular element to the story."

Raises FY13 EPS estimate from $1.89 to $1.94.

For an analyst ratings summary and ratings history on Cardtronics Inc click here. For more ratings news on Cardtronics Inc click here.

Shares of Cardtronics Inc closed at $29.74 yesterday, with a 52 week range of $19.46-$31.46.

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