CompoSecure initiated with a Buy at TD Cowen

TD Cowen analyst Moshe Orenbuch initiated coverage of CompoSecure (CMPO) with a Buy rating and $20 price target CompoSecure is a leading manufacturer of metal cards, a form factor that has been gaining share in the payment card market, the analyst tells investors in a research note. The firm says the company has been gaining share in the industry, while still only having a relatively small market share, “thus leaving ample room for above-industry growth in the long run.”