Coinstar stock upgraded, shares rise

April 6, 2006

Business Week: Shares of Coinstar Inc. hit a new 52-week high April 6, after analysts said the operator of coin-counting kiosks could boost sales through a number of new initiatives, notably a possible iTunes partnership. Eric Brown, analyst with Banc of America Securities, upgraded the company to "buy" from "neutral" and increased his 12-month target price to $32 from $24.