Identiv price target lowered to $5 from $6 at Lake Street

Lake Street lowered the firm’s price target on Identiv (INVE) to $5 from $6 and keeps a Buy rating on the shares. The firm was “impressed with the solid results given the challenging backdrop” but adds post-earnings that it is clear the macro is creating near-term headwinds and “visibility into the rest of the year is cloudy.”