Identiv price target lowered to $8 from $11 at Lake Street

Lake Street lowered the firm’s price target on Identiv to $8 from $11 and keeps a Buy rating on the shares following the company’s “miss and guide down.” Macro is “clearly having an impact and pushing everything to the right,” says the firm, which acknowledges that headline numbers are weak, but adds that it was encouraged by the strength in the premises business and the growing RFID pipeline. The firm, which thinks any announcement regarding the strategic review could provide a catalyst in the near term, is maintaining a Buy rating on Identiv shares.