Barrington Research bullish on Blackhawk Network's dominant grocery position

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
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs