Perion Network price target raised to $11 from $10 at Lake Street

Lake Street analyst Eric Martinuzzi raised the firm’s price target on Perion Network (PERI) to $11 from $10 and keeps a Buy rating on the shares. The firm, which was “pleased to see the company post a second consecutive quarter of revenue and AEBITDA outperformance,” is raising it price target on further evidence of stability and what it views as “a disconnect between market value and intrinsic value.”