Cantaloupe price target raised to $12 from $10 at Barrington

Barrington analyst Gary Prestopino raised the firm’s price target on Cantaloupe (CTLP) to $12 from $10 and keeps an Overweight rating on the shares following the fiscal Q1 report. During the quarter, Cantaloupe saw accelerated growth in the micro market space as well as increased traction for the Seed software product suite, the analyst tells investors in a research note.