Deutsche Bank Reiterates Cardtronics Buy, $25 PT (CATM)

Deutshce Bank reiterated its Cardtronics CATM Buy rating and $25 price target in a research report published today. In the report, Deutsche Bank states, "Keep Buy/$25 PT on solid 4Q EPS upside ($0.03 vs. us) that contd. recent string of outperformance, progress in tackling robust deal pipeline, and positive outlook for pricing/cash withdrawal trends. For these reasons, we remain comfy in our Street- high 2011 EPS of $1.25. We believe CATM's outlook assumes winnable portion of 8K retail locations up for grabs, and few more wins like Kroger/MA could suggest further upside to our #s. W/ CATM earning $0.15 higher EPS in 2010 vs. high-end of original range, we have solid precedent to suggest 2011 Street #s are too low." Shares of Cardtronics were at $17.80 in after hours trading, up 0.47% from Thursday's market close.