CPI Card Group price target lowered to $35 from $37 at Lake Street

Lake Street analyst Jacob Stephan lowered the firm’s price target on CPI Card Group (PMTS) to $35 from $37 and keeps a Buy rating on the shares. The firm sees positive demand trends from large bank issuers as “encouraging” for CPI, but adds that the company “is no stranger to tariff impacts, which have pressured gross margins.” The firm thinks the weakness in shares presents “a buying opportunity for long-term investors interested in a market-leading card manufacturer in a proven resilient market,” the analyst added.