Goldman Sachs raised the firm’s price target on Par Technology (PAR) to $43 from $35 but keeps a Neutral rating on the shares. The analyst cites the company’s announcement of an exclusive Unified Point-of-Sale Agreement with Restaurant Brands International (QSR) to be the exclusive software and service provider for Burger King traditional restaurants in North America. Goldman Sachs adds however that while the win bolsters Par Technology’s status as being a major competitor in the POS space and likely positions the company well to compete for future RFPs, the market may have already priced in the contract.
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