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Blackhawk Gets Its Wings Clipped: Bank Of America Downgrades To Neutral, But Stock Flies Higher
Friday, October 7, 2016 - 2:08pm | 365Bank of America Merrill Lynch has downgraded shares of Blackhawk Network Holdings Inc (NASDAQ: HAWK) from Buy to a Neutral rating on concerns over EMV conversions, which are taking longer than predicted. The firm thinks that it could impact the earnings both in the current year and next year....