Piper Jaffray Maintains Overweight on Coinstar

Piper Jaffray is out with its report today on Coinstar (NASDAQ: CSTR), maintaining Overweight.

In a note to clients, Piper Jaffray writes, "We maintain our OW and $68 price target based on 19x CY12E EPS, a slight discount to estimated CY12E EPS growth of 21%."

Shares of CSTR closed Wednesday at $56.21, down 0.48% from Tuesday's close.