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:
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- CompoSecure price target raised to $26 from $22 at TD Cowen
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