Identiv shares are trading lower after the company reported worse-than-expected Q2 EPS results. Also, Craig-Hallum maintained a Buy rating on the stock but lowered its price target from $8 to $6.
Portfolio Pulse from Benzinga Newsdesk
Identiv shares are trading lower after the company reported worse-than-expected Q2 EPS results. Craig-Hallum maintained a Buy rating on the stock but lowered its price target from $8 to $6.
August 09, 2024 | 4:14 pm
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Identiv shares are trading lower due to worse-than-expected Q2 EPS results. Craig-Hallum maintained a Buy rating but lowered the price target from $8 to $6.
The worse-than-expected Q2 EPS results directly impact investor sentiment negatively, causing the stock to trade lower. The lowered price target from Craig-Hallum, despite maintaining a Buy rating, further adds to the negative outlook in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100