DA Davidson analyst Peter Heckmann lowered the firm’s price target on CPI Card Group (PMTS) to $30 from $32 and keeps a Buy rating on the shares. The company reported Q3 results, with total revenue matching the firm’s forecast and adjusted EBITDA coming in 4% above the forecast, the analyst tells investors in a research note. CPI management has also modestly trimmed their revenue and adjusted EBITDA growth guidance for 2025, the form added.
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