Piper Jaffray Expects In-Line DVD Revenue for Coinstar Despite Q4 Release Schedule

Piper Jaffray published its company note on Coinstar Inc. (NASDAQ: CSTR) following a decrease in 4Q DVD release schedule.

4Q DVD release schedule is expected to be -23%y/y vs. 4Q09. Piper Jaffray does not see this having a tremendous impact on 4Q revenue because there is a greater movie consumption in this quarter, compared to other quarters, and the titles available are less critical.

Piper Jaffray maintains its Overweight rating and $74 price target on CSTR.

CSTR closed yesterday at $60.08.