Oppenheimer Likes Brink's Company (BCO)

Oppenheimer & Co. has an Outperform rating and $29 price target on shares of The Brink's Company

, after the company hosted an analyst day yesterday. In the research note sent to clients, Oppenheimer states, "Business appears in line with guidance, and management reiterated its goal to boost segment margin by 50bps annually. It indicated margins could reach a lofty, and somewhat aggressive, 10% within 5 years, vs. 6.5%-7.0% in 2010 and a historic average of 7.5%. Disappointingly, cap-ex is likely to remain at relatively high levels." Shares of BCO lost 54 cents yesterday to close at $23.08, a loss of 2.3%.