Imperial Capital Downgrades Identive Group to In-Line, Lowers PT

Imperial Capital downgraded Identive Group

from Outperform to In-Line and lowered its price target from $2.75 to $1.25 in a research report published today. In the report, Imperial Capital stated, "We are downgrading our rating to In-Line from Outperform and lowering our one-year price target to $1.50 from $2.75 based on elevated liquidity risks, notwithstanding the company's substantial growth potential in the secure identity market. We expect investors will remain cautious in the near term until INVE achieves stronger second half recovery." Shares of Identive Group closed today at $1.39, down 2.11% from Wednesday's market close.