NetworkNewsBreaks – SeeThruEquity Issues Coverage Update, Raises PT to $1.50 on Generation Next Franchise Brands, Inc. (VEND)
SeeThruEquity recently issued an update on Generation Next Franchise Brands (OTCQB: VEND) and raised the price target on shares of the company’s stock to $1.50. The company recently entered into the frozen yogurt market through its three newly-formed subsidiaries: Reis and Irvy's Inc., 19 Degrees, Inc., and Generation Next Vending Robots, Inc. SeeThruEquity noted that the company appears to be gaining traction in the market and attributes the positive positioning to the company’s backlog of deferred revenue related to Froyo Robot bookings, franchise agreements, and an added revenue stream from royalties. The analyst also cited the company’s strengthened intellectual property…