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

Lake Street raised the firm’s price target on Identiv (INVE) to $6 from $5 and keeps a Buy rating on the shares after what the firm says was “a solid beat” in Q1. While Q2 will be a slight downshift, the firm remains encouraged by the IFCO program and adds that it thinks the company’s continued evaluation of strategic alternatives “should help provide a relatively high floor on shares in the near term.”