Blackhawk Announces Second Quarter 2017 Financial Results; Reaffirms Annual 2017 Guidance
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Blackhawk Network (HAWK) PT Raised to $50 at Citi; Reiterates Buy
July 20, 2017 9:13 AM EDTCiti raised its price target on Blackhawk Network (NASDAQ: HAWK) to $50.00 (from $47.00) while maintaining a Buy rating.
HAWK provided good detail on its cost take-out and efficiency initiatives and raised the prospect of better than 60 bps margin expansion in 2017 and better than 100 bps over multiple years starting in 2018.
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