VerifyMe price target raised to $1.50 from $1.25 at Barrington

Barrington raised the firm’s price target on VerifyMe (VRME) to $1.50 from $1.25 and keeps an Outperform rating on the shares. The company reported solid Q2 results and commenced a new partnership with UPS, the analyst tells investors in a research note. The firm expects the new relationship to ultimately become a material contributor to VerifyMe’s Precision Logistics results.