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Analyst says TRM ATM biz is 'undervalued' by investors
February 26, 2007
The Associated Press:TRM Corp.'s stock rose this month, after a Friedman Billings Ramsey analyst upgraded the ATM provider to "outperform" and more than doubled his price target. Analyst Jeff Sonnek said in a client note that investors are undervaluing the company's ATM business. The Portland, Ore.-based company filed its third-quarter results with the Securities and Exchange Commission on Feb. 9, offering what Sonnek said were new details about the value of its divisions.
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