B. Riley raised the firm’s price target on CPI Card Group (PMTS) to $34 from $33 and keeps a Buy rating on the shares. The company reported “much better” Q4 sales results, the analyst tells investors in a research note. The firm says CPI’s outlook shows it is starting to track in line to better than industry trends for card issuance growth. The company is well positioned to benefit from the continued normalizing of channel inventories and growth in prepaid programs, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PMTS:
- CPI Card Group Inc. Faces Ownership Risk: Tricor Funds Hold 43% Stake, Impacting Corporate Decisions
- CPI Card Group Reports Strong 2024 Earnings
- CPI Card Group Inc. Reports Strong Prepaid Growth
- Morning Movers: Target, Best Buy slipping after earnings as tariffs take effect
- CPI Card Group Reports Strong Q4 2024 Results
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue