Goldman Sachs analyst George Tong raised the firm’s price target on Brink’s to $103 from $98 and keeps a Buy rating on the shares. The company reported “robust” Q4 results with healthy trends in digital retail solutions, DRS, and ATM managed services, AMS, growth portfolio and price realization, the analyst tells investors in a research note. Brink’s stands to achieve attractive valuation upside as it executes on its DRS/AMS and pricing initiatives while also unlocking accelerated free cash flow growth from margin expansion, the firm added.
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