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Fly News Breaks for May 23, 2018
OTIV
May 23, 2018 | 08:34 EDT
Lake Street analyst Jaeson Schmidt assumed coverage of On Track Innovations with a Buy rating and $2.25 price target. The shares "can work higher" from current levels as investors gain confidence in the company's runway for growth and potential earnings leverage in the model, Schmidt tells investors in a research note. He believes On Track is well positioned to benefit from the continued adoption of cashless payment systems especially in the unattended retail market.
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