Lake Street raised the firm’s price target on Par Technology (PAR) to $46 from $39 and keeps a Buy rating on the shares after the company signed Burger King North America, which is owned by Restaurant Brands International (QSR), to an exclusive Brink POS and MENU online ordering software agreement. The agreement is a “major milestone,” as not only is it “an endorsement of the strength of the company’s leadership position in POS for enterprise QSR and fast casual restaurants,” it is also a recognition of the value of its suite, the analyst tells investors.
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