B. Riley Securities Maintains Buy on CPI Card, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Harold Goetsch maintains a Buy rating on CPI Card (NASDAQ:PMTS) but lowers the price target from $26 to $23.
March 08, 2024 | 1:55 pm
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B. Riley Securities maintains a Buy rating on CPI Card but lowers the price target from $26 to $23.
While the maintenance of a Buy rating suggests continued confidence in CPI Card's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the implications.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100