Jefferies Starts Cardtronics Inc (CATM) at Buy, Geared for Growth

Jefferies initiates coverage on Cardtronics Inc (NASDAQ: CATM) with a Buy. PT $31.00.

The firm comments, "Key points supporting our thesis include: 1) undisputed ATM market leader uniquely positioned to continue to roll up smaller industry players; 2) bank branding and surcharge free network are differentiators, 3) long, sticky contracts with top US national retailers = recurring, high-visibility revenue; 4) increased cash withdrawals from growing prepaid card customer base provides modest tailwind."

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 $26.59 yesterday.

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