Cantaloupe price target raised to $11.50 from $10.50 at B. Riley

B. Riley raised the firm’s price target on Cantaloupe (CTLP) to $11.50 from $10.50 and keeps a Buy rating on the shares. The revenue miss was almost entirely attributable to lower-margin equipment sales, the analyst tells investors in a research note. The firm believes the stock’s risk/reward remains attractive.