Analysts and investors approve of streamlining at Outerwall

The analysts are coming out of the woodwork after Outerwall (OUTR +4.1%) pulls out all the stops in an attempt to turn around its business. The company ended some ill-fated experiments with coffee, food, and photo kiosks on top of announcing a healthy round of cost cutting.

Wedbush backs its Outperform rating and took its price target up to $82.

B Riley increases its price target to $103

Investors of Outerwall should probably send a Christmas card to Jana Partners which was presumably behind some of the streamlining at the ambitious company.

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