Byrna Technologies price target raised to $39 from $38 at B. Riley

B. Riley raised the firm’s price target on Byrna Technologies (BYRN) to $39 from $38 and keeps a Buy rating on the shares. Byrna reported preliminary Q2 sales of $28.5M, exceeding estimates, with sales driven by strong early demand for new Byrna Compact Launcher, and meaningful channel expansion, despite broader softness in overall consumer spending that persisted throughout the quarter, the analyst tells investors in a research note.