Brink’s price target lowered to $111 from $123 at Goldman Sachs

Goldman Sachs analyst George Tong lowered the firm’s price target on Brink’s (BCO) to $111 from $123 and keeps a Buy rating on the shares. The firm is reducing its FY25 EPS view to $7.11 from $7.59 to reflect a meaningful strengthening of the US Dollar over the past quarter, as well as lower assumed organic revenue growth contributions from elevated pricing increases in Argentina as inflation there continues to subside, the analyst tells investors in a research note. Goldman adds that it now expects total company organic revenue growth in 2025 to be 6%, down from 9% previously.