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Stock Market & Financial Investment News

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June 11, 2014
07:53 EDTCATMCardtronics shares now 'meaningfully undervalued,' says Jefferies
Jefferies says that despite bear arguments to the contrary, there is "nothing wrong" with Cardtronics' depreciation practices and its organic unit count is growing, not shrinking. The firm believes investors are pricing into shares too negative of an impact from a potential 7-Eleven deal loss, and it views the stock as "meaningfully undervalued" at current levels. It reiterates a Buy rating on Cardtronics with a $41 price target.
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