BK Technologies initiated with a Buy at Lake Street

Lake Street initiated coverage of BK Technologies (BKTI) with a Buy rating and $40 price target The firm, which believes BK Technologies can leverage its strong share in wildland fire to make “meaningful inroads” in the broader public safety market, thinks the company is positioned to see revenue growth accelerate and earnings expand as it continues to march toward its goal of $100M in revenue and $20M in AEBITDA, the analyst tells investors.