B. Riley Raises Target on Coinstar from $80 to $100, Implies Upside of ~78%
B. Riley maintains Coinstar, Inc. (NASDAQ: CSTR) with a Buy and raises the price target from $80.00 to $100.00.
The firm believes Coinstar's management at the firm's Media & Entertainment conference provided "one of the more compelling" growth stories. B. Riley cited easy comps, an expecting boosted kiosk capacity and salesforce implementation.
With shares of Coinstar up more than 2 percent to around $56.17 at last check, B. Riley's new price target represents potential upside of about 78 percent.