** Shares of restaurant point-of-sale $(POS.UK)$ provider PAR Technology rise 1.4% to $46 premarket
** Stephens upgrades PAR to "overweight" rating from "equal-weight"; raises PT to $60 from $46, a 32.2% premium to stock's last close
** Brokerage says PAR well positioned to capitalize on demand for cloud-native POS and data-driven loyalty solutions
** Discounted valuation reflects the lack of current profitability but see progress towards positive adjusted EBITDA in Q3, brokerage says
** Seven of 10 brokerages rate the stock "buy" or higher and three "hold"; their median PT is $58.50 - LSEG
** As of last close, PAR shares up 4.2% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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