DA Davidson analyst Rudy Kessinger raised the firm’s price target on Intellicheck (IDN) to $6.50 from $5.50 and keeps a Buy rating on the shares. The company reported strong Q2 results, with growth in Banking & lending outpacing declines in retail, the analyst tells investors in a research note. Incremental EBITDA margins were 40% from Q1 and 32% y/y given Intellicheck’s strong cost discipline, the firm added.
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