Identiv price target lowered to $8 from $9 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on Identiv to $8 from $9 and keeps a Buy rating on the shares. The firm continues to believe Identiv is a great way for investors to play the exploding use cases for RFID tags long-term. Craig-Hallum notes the company will likely go through a few rocky quarters in the near term as it shifts production away from Singapore, targeting completion in Q1 2025. The firm believes patient investors will ultimately be rewarded long-term as the company targets higher margin business, exits its lowest margin solutions, and shifts the majority of production to a lower cost facility.