Truist analyst Tobey Sommer raised the firm’s price target on Brink’s to $90 from $78 and keeps a Buy rating on the shares. The analyst is positive on the stock’s "cleaner emerging story" under the new management, citing strong customer demand for ATM Managed Solutions and Digital Retail Solutions. Truist further cites increased clarity of quarterly reporting at Brink’s, along with the company’s more conservative capital deployment and leverage.
Published first on TheFly
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