BofA analyst Cassie Chan raised the firm’s price target on CompoSecure to $10 from $9 and keeps a Buy rating on the shares following the company’s “robust 2Q beat-and-raise” and the announcement that Resolute Holdings will acquire a majority interest. CompoSecure also announced the expanded partnership with Fiserv for marketing and re-selling of Arculus Authenticate, notes the firm, which cites strong execution and competitive position in the premium metal card manufacturing market for its Buy rating on the shares.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CMPO:
- CompoSecure Streamlines Governance with Acquisition and New Credit Terms
- Resolute Holdings to Acquire Majority Interest in CompoSecure with $372 million Personal Investment via David Cote Family
- CompoSecure Schedules Second Quarter 2024 Conference Call for August 7th at 5:00 p.m. ET
- Carvana upgraded, LegalZoom downgraded: Wall Street’s top analyst calls
- BofA sees CompoSecure dominating metal card space, starts with a Buy
Questions or Comments about the article? Write to editor@tipranks.com