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UPDATE: Bank of America Initiates Blackhawk at Neutral Based on Limited Margin Expansion Potential

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Analysts at Bank of America initiated coverage on Blackhawk (NASDAQ: HAWK) with a Neutral rating with a target price of $27.

Over time, analysts “expect growth to slow, and see limited margin expansion potential due to rising distributor partner commissions.” In the analysts' view, current valuation largely reflects HAWK's (20x 2014E EPS) near-term growth potential.

Shares are trading up in the premarket at $24.96.

 

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Posted-In: Bank of AmericaInitiation Analyst Ratings

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