BK Technologies price target raised to $55 from $51 at Lake Street

Lake Street raised the firm’s price target on BK Technologies (BKTI) to $55 from $51 and keeps a Buy rating on the shares after the company reported revenue, AEBITDA, and EPS above estimates in Q1. The firm, which continues to be impressed by BK’s “strong execution against the challenging backdrop,” sees a path for shares to continue to work higher given the durability of growth, strong EPS power in the model, and the continued improvement in the balance sheet, the analyst tells investors.