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UPDATE: JP Morgan Maintains Coinstar at Neutral on Redbox Instant Thoughts

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JP Morgan maintained its Neutral rating on Coinstar (NASDAQ: CSTR) with a reiterated $52 price target.

JP Morgan noted, "We recently spoke with Galen Smith, VP of Finance at Redbox, who provided color regarding the Redbox Instant initiative. We are incrementally constructive regarding the JV's prospects, though we do not expect it to be a material contributor to 2013 EPS. No changes to estimates. Maintain Neutral."

Coinstar closed at $50.79 on Wednesday.

Latest Ratings for CSTR

DateFirmActionFromTo
May 2013B. RileyMaintainsBuy
Feb 2013JP MorganDowngradesNeutralUnderweight
Feb 2013Compass PointMaintainsBuy

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