B. Riley analyst Jeff Van Sinderen raised the firm’s price target on Byrna Technologies (BYRN) to $38 from $27 and keeps a Buy rating on the shares. Byrna reported Q4 results on Friday that were in line with the pre-announcement, reflecting the continuing impact of successful marketing efforts, the analyst tells investors in a research note. With the potential to broaden the demographic appeal and overall product awareness, the firm says it remains optimistic regarding the longer-term growth and margin profile.
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