Byrna Technologies price target lowered to $33 from $37 at Roth Capital

Roth Capital lowered the firm’s price target on Byrna Technologies (BYRN) to $33 from $37 and keeps a Buy rating on the shares. The company delivered a good Q2, with sales in-line with its pre-announcement and healthy flowthrough driving adjusted EBITDA ahead of consensus, the analyst tells investors in a research note. Roth adds however that while it remains constructive, it is lowering its price target on the stock to reflect its modestly lower profit outlook and incremental growth risks for the company.