Cadre price target raised to $50 from $49 at Roth Capital

Roth Capital analyst Matt Koranda raised the firm’s price target on Cadre (CDRE) to $50 from $49 and keeps a Buy rating on the shares. The firm is updating its model after the company announced that it completed the acquisition of TYR Tactical for $175mn in base consideration, and the management expects TYR to be immediately accretive to earnings and adjusted EBITDA margins, Roth added.