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Fly News Breaks for September 4, 2018
INVE
Sep 4, 2018 | 08:48 EDT
Lake Street analyst Jaeson Schmidt started Identiv with a Buy rating and $9 price target. The February acquisition of 3VR Security and the recent signing of the 2019 National Defense Authorization Act position Identiv for "significant growth" in its Premises segment, Schmidt tells investors in a research note. The analyst believes the company can carve out a "meaningful niche" for itself in the global physical security market, which he notes is expected to grow from $134B in 2016 to $291B by 2025.
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