CoreCard price target raised to $21 from $16 at B. Riley

B. Riley raised the firm’s price target on CoreCard (CCRD) to $21 from $16 and keeps a Neutral rating on the shares following the Q4 report. The company received a second consecutive $1.4M license fee payment that flows through at a very high incremental margin in the quarter, which was not expected, the analyst tells investors in a research note. The firm, however, continues to have concerns over CoreCard’s customer concentration.