USA Technologies (USAT) Bullish Rating Reiterated at Northland Capital as Calorie Display Ruling a 'Best Case'

Northland Capital Markets analyst Michael Latimore weighed in on USA Technologies (NASDAQ: USAT) after the Calorie Display ruling, calling it a 'best case.'

Latimore commented, "The FDA published its long over due calorie display rules for the vending industry this week. According to the main vending industry association, the rules are the best-case scenario in terms of ease of compliance and implementation. For example, vending operators do not have to post information if the calorie information is visible on the package. We see the rules as eliminating an element of uncertainty in the industry, allowing vending operators to more appropriately budget for growth initiatives such as cashless."

The firm maintained an Outperform rating and price target of $3.00.

For an analyst ratings summary and ratings history on USA Technologies click here. For more ratings news on USA Technologies click here.

Shares of USA Technologies closed at $1.62 yesterday.

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