Canaccord Genuity maintains a 'Hold' on Coinstar (CSTR); Highlights From Analyst Day

Canaccord Genuity maintains a 'Hold' on Coinstar (NASDAQ: CSTR) price target of $70.00.

Analyst, Jeff Rath, said, "We maintain our rating and target after CSTR’s Analyst Day. We continue to believe that CSTR faces sources for short-term upside balanced against a rapidly saturating endmarket for its core Redbox kiosks."

Highlights from Analyst Day include: 1) No material update on streaming
JV with Verizon (NYSE: VZ); 2) Introducing the first new coin kiosk operating system since 1999; 3) Two new ventures expected to scale in 2012: coffee and Gizmo.

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 $57.56 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Verizon Business Ranked #1 in Customer Satisfaction by JD Power for Large Enterprise & Medium Business Internet Service
• Legrand SA (LR:FP) (LGRDY) Moved to Top Pick at Morgan Stanley
• Ooma (OOMA) PT Raised to $24 at Freedom Broker