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Fly News Breaks for December 8, 2015
OUTR
Dec 8, 2015 | 06:59 EDT
B. Riley upgraded Outerwall to Buy and increased his price target to $70 from $58 on shares. Analyst Eric Wold would use Outerwwall shares weakness following lowered Q4 guidance as a buying opportunity and said he would not be surprised of activists or acquirers will also. Wold does not believe there is an accelerated deterioration at Redbox and kiosk de-installs and studio revenue shares provide management the ability to manage free cash flow during periods of healthy rental declines.
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