CPI Card Group price target raised to $34 from $33 at B. Riley

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.