JPMorgan downgraded CompoSecure (CMPO) to Underweight from Neutral with an unchanged price target of $16. The firm cites valuation for the downgrade with the shares up 25% following the Q2 report. CompoSecure’s growth has been “choppy” and its fiscal year guidance remains back-half loaded, to which there is limited visibility, the analyst tells investors in a research note. JPMorgan sees a full valuation at current share levels.
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