Byrna Technologies price target lowered to $12.50 from $26 at Roth Capital

Roth Capital lowered the firm’s price target on Byrna Technologies (BYRN) to $12.50 from $26 and keeps a Buy rating on the shares. Fiscal Q1 sales were in line with Byrna’s preannouncement but profit was light, says the analyst, who is resetting the firm’s forecast following the report. The firm adds that it acknowledges “we are still counting on a successful pivot leading to renewed growth/margin expansion” by Q4 of this fiscal year.