Roth Capital raised the firm’s price target on Byrna Technologies (BYRN) to $35 from $33 and keeps a Buy rating on the shares. Byrna shared several positive key metrics, including successful promotional events around July 4th and Prime Day at Amazon (AMZN), which should enable sustained strong growth in the company’s direct to consumer channel, while also highlighting robust Wholesale door growth, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BYRN:
- Byrna Technologies Reports Strong Sales During Prime Day
- Byrna announces sales momentum in e-commerce channels during Amazon Prime Day
- Craig-Hallum bullish on Byrna Technologies, initiates with a Buy
- Byrna Technologies initiated with a Buy at Craig-Hallum
- Byrna Technologies price target raised to $46 from $39 at B. Riley
