Roth Capital analyst Matt Koranda raised the firm’s price target on Byrna Technologies (BYRN) to $37 from $33 and keeps a Buy rating on the shares. The firm anticipates few near-term surprises as Byrna already pre-announced Q2 sales of $28.5M on June 5, and Roth is modeling adjusted EBITDA that is “roughly in line with consensus”, the analyst tells investors in a research note. Roth adds the firm awaits visibility into key growth drivers, which include Compact Launcher performance and expansion with Sportsman’s Warehouse (SPWH).
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