B. Riley Securities Maintains Buy on Identiv, Lowers Price Target to $9.5
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Craig Ellis has maintained a Buy rating on Identiv (NASDAQ:INVE) but lowered the price target from $10 to $9.5.

March 13, 2024 | 1:07 pm
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B. Riley Securities maintains a Buy rating on Identiv but lowers the price target from $10 to $9.5.
The maintenance of a Buy rating suggests a positive outlook on Identiv's stock, indicating confidence in the company's future performance. However, the reduction in the price target could reflect a slight adjustment in expectations regarding the stock's growth potential or valuation, possibly due to new data or market conditions. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the continued endorsement against the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100