CompoSecure price target raised to $24 from $17 at Benchmark

Benchmark analyst Mark Palmer raised the firm’s price target on CompoSecure (CMPO) to $24 from $17 and keeps a Buy rating on the shares. While the possibility of a game-changing deal remains “a central element” of the CompoSecure story, sharpened execution and visible steps to enhance the platform, most recently through its announcement of its Arculus unit’s partnership with N. Exchange and its concurrent rollout of a smart order router to provide holders of its cold storage wallets to easily trade crypto, “underscore management’s ongoing efforts to add to the momentum of the company and its share price,” the analyst tells investors.