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BofA/Merrill Lynch Downgrades Blackhawk Network (HAWK) to Neutral

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Jefferies Reiterates Buy on Blackhawk Network (HAWK); Sees Upside to 2017 Estimates

October 10, 2016 7:28 AM EDT

Jefferies reiterated a Buy rating and $43.00 price target on Blackhawk Network (NASDAQ: HAWK). Following the EMV fraud liability shift last year, HAWK's grocery distribution partners started seeing elevated levels of counterfeit card fraud. However, management has sounded very confident that sales lost... More