Fly News Breaks for October 11, 2019
Oct 11, 2019 | 08:44 EDT
Lake Street analyst Jaeson Schmidt upgraded USA Technologies to Buy from Hold with a price target of $9, up from $7. The company's filing of audited financials earlier this week, while containing a lot of moving parts, is a net positive, Schmidt tells investors in a research note. The analyst thinks the customer and net connection additions and "solid" fiscal 2020 guidance "should help give confidence the growth story remains intact." He sees an attractive risk/reward opportunity for USA Technologies at current share levels.
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