Intrusion price target raised to $1.50 from $1 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on Intrusion (INTZ) to $1.50 from $1 and keeps a Neutral rating on the shares. The company has taken several meaningful steps in cleaning up its balance sheet, ending the quarter with $10.7M of available cash, the analyst tells investors in a research note. The firm believes these moves “provide ample flexibility” for Intrusion to take advantage of opportunities in the marketplace and increase marketing investment in Intrusion Shield.