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CPI Card Group price target lowered to $28 from $34 at B. Riley

B. Riley lowered the firm’s price target on CPI Card Group (PMTS) to $28 from $34 and keeps a Buy rating on the shares. CPI Card Group reported Q3 EPS of 19c, up 79% year over year, though revenue growth was partly driven by the Arroweye acquisition, with organic growth down 1%, the analyst tells investors in a research note. EBITDA margins declined 130basis points due to product mix, startup costs at the new Indiana facility, and tariffs, leading the company to revise 2025 EBITDA guidance to flat-to-slightly up.

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