UPDATE: Bank of America Reiterates on Blackhawk Network on Near-Term Prospects, Medium-Term Risks

In a report published Friday, Bank of America analyst Sara Gubins reiterated a Neutral rating on Blackhawk Network (NASDAQ: HAWK ), but lowered the price target from $28.00 to $25.00. In the report, Bank of America noted, “We view Blackhawk as the clear leader in the $16bn closed-loop third-party gift