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Fly News Breaks for April 30, 2019
INVE
Apr 30, 2019 | 16:54 EDT
Oppenheimer analyst Andrew Uerkwitz initiated Identiv with an Outperform rating and a price target of $7, calling the company a "microcap gem" in a growing and evolving access control market. The analyst is positive on the company's 3-year run of optimizing the business around its "core competency" with new acquired technology to accelerate its transition to a full suite offering, and expects Identiv to gain market share while growing faster than its peers.
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