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Fly News Breaks for October 10, 2019
INVE
Oct 10, 2019 | 08:55 EDT
After hosting investor meetings with management, Lake Street analyst Jaeson Schmidt reiterates a Buy rating on Identiv with a $9 price target. The analyst came away feeling confident the company is positioned to see "sustained, solid" revenue growth, expanding margins, and improving profitability. With the stock trading at only 0.8 times enterprise value to 2020 revenue, investors are presented with a "compelling" risk/reward opportunity, Schmidt tells investors in a research note.
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