UPDATE: Benchmark Increases Coinstar's PT

In a recent research report, Benchmark increased Coinstar's (NASDAQ: CSTR) PT to $75 from $70.

According to Benchmark, “We increased our FY12 EPS estimate to $4.09, from $3.90, and initiated our FY13 EPS estimate at $4.71, on the outperformance and ongoing benefits from the price increase, and lower debit card fees. We increased our price target to $75, from $70, based on based on 18x our 2012 EPS estimate, and 6x our 2012 EBITDA estimate. With the upside to our price target, we maintain our Buy rating.”

Coinstar closed yesterday at $52.95.