- Blackhawk Network (HAWK +1.4%) shares are higher after Barrington Research initiates coverage with an Outperform rating and PT of $29-$31.
- Analyst Gary Prestopino thinks Blackhawk's network has a dominant position in the grocery channel with over 20K locations that encompass ~90% of grocery store locations of the top 50 operators in the U.S. and Canada.
- He notes, "The Blackhawk network benefits consumers, content providers and distribution partners providing a broad selection of prepaid and gift cards in a one-stop location with expanded reach to the consumer driving store traffic and incremental high margin revenues to the retailer."
From other sites
at CNBC.com (Dec 12, 2014)
at CNBC.com (Nov 11, 2014)
Video at CNBC.com (Nov 11, 2014)
at CNBC.com (Sep 24, 2014)
at CNBC.com (Mar 25, 2014)
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