Lake Street lowered the firm’s price target on Par Technology (PAR) to $48 from $65 and keeps a Buy rating on the shares. Rollout schedules are back on track and the firm said it was “good to see” a reiteration of mid-teens ARR growth, but its lowered target reflects multiple compression in the restaurant tech space.
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Read More on PAR:
- Par Technology price target lowered to $60 from $65 at BTIG
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