JPMorgan upgraded CompoSecure (CMPO) to Neutral from Underweight with a price target of $20, up from $16. The firm cites the company’s margin improvement and faster organic growth for the upgrade. JPMorgan is “encouraged” by CompoSecure’s margin expansion trends, which it feels are sustainable, underlying business momentum and potential synergies from the Husky deal.
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Read More on CMPO:
- Cautious Optimism for CompoSecure: Hold Rating Amid Promising Growth and Acquisition Uncertainties
- CompoSecure’s Earnings Call Highlights Robust Growth
- CompoSecure Announces Share Purchase Agreement with Husky
- CompoSecure price target raised to $26 from $22 at TD Cowen
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