B. Riley lowered the firm’s price target on Byrna Technologies (BYRN) to $31 from $46 and keeps a Buy rating on the shares. Byrna Technologies reported preliminary Q1 results with sales of $29M, up 11% year over year but below estimates, driven by strong dealer and retail store performance offset by weaker online and international sales amid typical post-holiday seasonality, the analyst tells investors in a research note.
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