VerifyMe price target lowered to $1 from $1.50 at Barrington

Barrington analyst Michael Petusky lowered the firm’s price target on VerifyMe (VRME) to $1 from $1.50 and keeps an Outperform rating on the shares. The company reported solid Q3 results, but the target is dropped due to uncertainty surrounding its proactive business, which will now need to be transitioned to a new carrier partner, the analyst tells investors in a research note.