DA Davidson Starts Cardtronics Inc (CATM) at Neutral

April 3, 2012 10:49 AM EDT
Get Alerts CATM Hot Sheet
Price: $39.01 --0%

Rating Summary:
    4 Buy, 9 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 2
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DA Davidson initiates coverage on Cardtronics Inc (NASDAQ: CATM) with a Neutral. PT $28.00.

"CATM‘s deep management team and capital intensive business has created a significant barrier to entry," the analyst comments. "Given our expectations of increased outsourcing, we are favorably disposed to CATM; however, with the shares approaching fair value, we look for more attractive entry points."

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 $26.80 yesterday.


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