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.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CMPO: