Byrna Technologies price target raised to $33 from $29 at Roth MKM

Roth MKM raised the firm’s price target on Byrna Technologies (BYRN) to $33 from $29 and keeps a Buy rating on the shares. The company delivered a strong Q4 that was in line with its pre-announcement on sales, but ahead of consensus on adjusted EBITDA margins, driven by leverage on gross margins and operating expenses, the analyst tells investors in a research note. Byrna’s two primary growth levers for this year and next are still physical expansion and a new CL – compact launcher – product launch, the firm added.