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