CPI Card Group price target lowered to $32 from $38 at DA Davidson

DA Davidson lowered the firm’s price target on CPI Card Group (PMTS) to $32 from $38 and keeps a Buy rating on the shares. The company’s Q2 results were ahead of the firm’s forecasts when adjusting for an intra-quarter accounting change, the analyst tells investors in a research note. The management also raised their 2025 revenue growth guidance and maintained their outlook for mid-to-high single-digit growth in adjusted EBITDA, though the outlook did not reflect potential impacts from the proposed semiconductor tariffs announced last week, DA Davidson added.