Blackhawk Network (HAWK) PT Lowered to $50 at Craig-Hallum

Craig-Hallum analyst Brad Berning lowered his price target on Blackhawk Network (NASDAQ: HAWK) to $50 but maintained a Buy rating following results.

Berning said contract renewals will large retailers could pressure AOR growth but this should be offset by margin expansion.

For an analyst ratings summary and ratings history on Blackhawk Network click here. For more ratings news on Blackhawk Network click here.

Shares of Blackhawk Network closed at $44.20 yesterday.

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