Zacks Investment Research downgraded shares of CARDTRONICS INC (CATM) from OUTPERFORM to NEUTRAL on February 08, 2012, with a target price of $29.30.
Headquartered in Houston, Texas, Cardtronics is the world's largest owner/operator of ATMs with approximately 31,600 ATMs including approximately 2,000 ATMs in the U.K. and 1,000 ATMs in Mexico. Major merchant-clients include 7-Eleven(r), A&P(r), Albertson’s(r), Hess Corporation(r), Barnes & Noble(r) College Bookstores, BP(r) Amoco, Chevron(r), Costco(r), CVS(r)/pharmacy, ExxonMobil(r), Duane Reade(r), Rite Aid(r), Sunoco(r), Target(r) and Walgreens(r). Cardtronics also works closely with financial institutions across the United States to brand Cardtronics-owned ATMs at these major merchant locations, enabling financial institutions to provide convenient surcharge-free cash access for their customers.
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