BTIG analyst Andrew Harte lowered the firm’s price target on Par Technology (PAR) to $60 from $65 and keeps a Buy rating on the shares. In addition to a potential Chipotle (CMG) megadeal, the firm considers Par’s record backlog and sales pipeline, expanding EBITDA margins, and accelerated roll-outs of Burger Kings (QSR), the analyst tells investors in a research note.
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