Jefferies Upgrades PAR Technology (PAR) to Buy

Jefferies analyst Samad Samana upgraded PAR Technology (NYSE: PAR) from Hold to Buy with a price target of $60.00 (from $45.00).

The analyst comments: "PAR has made significant progress in positioning itself for durable, profitable growth. Specifically, the efforts to integrate the platform, the divestiture of the Government business, and the acquisitions of Stuzo and Task have all resulted in PAR being a pure-play restaurant tech platform with reasonable scale. Importantly, the company is also inflecting to profitability. With scale achieved and momentum behind it, we see better days ahead. Upgrade to Buy."

For an analyst ratings summary and ratings history on PAR Technology click here. For more ratings news on PAR Technology click here.

Shares of PAR Technology closed at $50.79 yesterday.

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