Texas Capital initiated coverage of Byrna Technologies (BYRN) with a Buy rating and $20 price target The firm expects the company’s shift to partnering with retailers to drive “meaningful” sales and margin expansion. With a debt-free balance sheet and “strong” free cash flow, the shares are attractive at current levels, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BYRN:
- Byrna Technologies Updates Investor Presentation Under Regulation FD
- Byrna Technologies Promotes Luan Pham to President Role
- Byrna Technologies promotes LuanPham to president
- Byrna Technologies appoints Robert Holmes as VP, new product development
- Byrna Technologies price target lowered to $31 from $46 at B. Riley