Compass Point raised the firm’s price target on CompoSecure to $14.50 from $11.50 and keeps a Buy rating on the shares. The firm, which is updating its estimates following “two consecutive earnings beats to start 2024,” continues to estimate results at the high end of CompoSecure’s narrowed guidance range, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CMPO:
- CompoSecure’s Ownership Shift and Governance Overhaul
- CompoSecure price target raised to $10 from $9 at BofA
- CompoSecure narrows FY24 revenue view to $418M-$428M from $408M-$428M
- CompoSecure reports Q2 adjusted EPS 27, consensus 25c
- CompoSecure Streamlines Governance with Acquisition and New Credit Terms
Questions or Comments about the article? Write to editor@tipranks.com