Benchmark analyst Mark Palmer raised the firm’s price target on Par Technology to $61 from $59 and keeps a Buy rating on the shares after the company’s multi-year effort to sell its Government operating segment came to a successful conclusion yesterday when it announced the sale of two non-core subsidiaries. The firm believes the company’s effort to position itself as a pure-play, software-as-a-service business focused on the enterprise restaurant space is approaching an inflection point and merits a fuller valuation, the analyst tells investors.
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- PAR Technology Restructures with Strategic Subsidiary Sales
- Benchmark upgrades Par Technology on strong growth prospects
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