Apr. 2 at 10:28 AM
$PAR Par Technology price target lowered to
$70 from
$75 at Goldman Sachs
Goldman Sachs lowered the firm's price target on Par Technology to
$70 from
$75 and keeps a Neutral rating on the shares. Heading into Q1 earnings, financial technology stocks have generally underperformed as the macro picture "now appears much cloudier," the analyst tells investors in a research note. Goldman still likes "higher beta names with idiosyncratic stories" and is "incrementally becoming more constructive on the more defensive names."