Market Overview

Piper Jaffray Overweight on Cardtronics, $17 Price Target (CATM)

Piper Jaffray remains overweight on Cardtronics Inc. (NASDAQ: CATM) and it has a $17 price target on shares of the company.

Yesterday Cardtronics announced that it has initiated a full redemption of its $100m, 9.25% Senior Subordinated Notes due in 2013. Piper Jaffray estimates that this transaction adds about $0.10 to its 2011 EPS.

CATM shares are currently trading at $12.32, up 54‎ cents today.

Posted-In: Analyst Color News Global Analyst Ratings Tech

 

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