J.P. Morgan has published a research report on Coinstar Inc CSTR upgrading the change collecting company.
In the report, J.P. Morgan wrote, "We are upgrading CSTR to Neutral on valuation. With the stock trading down through our price target, we think the stock is fairly valued in the context of nearterm growth, cash generation, and offsetting long-term risks of a secular decline in the DVD Kiosk business."
J.P. Morgan upgraded Coinstar from Underweight to Neutral with a price target of $46.50. Coinstar closed Thursday at $43.90.
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Posted In: Analyst ColorUpgradesAnalyst RatingsCoinstarConsumer DiscretionaryJ.P. MorganSpecialized Consumer Services
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