Performant Financial price target lowered to $6 from $7 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on Performant Financial (PFMT) to $6 from $7 and keeps a Buy rating on the shares. The firm argues that Performant is really good at what it does, namely payment integrity. The industry it serves is huge, but is subject to unique challenges, some of which were unique to this year specifically. Despite these challenges, the company continues to build additional stair steps of new and/or growing programs with its key commercial and government program clients, Craig-Hallum adds.