Wedbush Maintains an 'Outperform' on Coinstar (CSTR); Removing from Best Ideas List Due to Recent Run-Up

Wedbush maintains an 'Outperform' on Coinstar (NASDAQ: CSTR) price target of $72.00.

Wedbush analyst says, "Coinstar’s recent share price appreciation (up ≈ 36% this year) and uncertainty over the potential resolution of several factors expected over the next few months lead us to expect near term share price volatility. The recent price change for standard DVD rentals, increased interchange fees, the introduction of single billing, the re-implementation of a retail workaround for Warner Bros. (NYSE: TWX) content, the NCR acquisition, the rollout of the Redbox-Verizon (NYSE: VZ) partnership and the decline of Netflix’s DVD business each could have a material impact on Coinstar’s 2012 results, and could cause financial performance to be uneven."

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

Shares of Coinstar closed at $62.10 yesterday.

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