Cadre price target raised to $53 from $49 at Lake Street

Lake Street raised the firm’s price target on Cadre (CDRE) to $53 from $49 and keeps a Buy rating on the shares after the company completed its previously announced acquisition of TYR Tactical. The deal closing prompted updates to the firm’s model to reflect the incremental revenue, margin contribution, and share issuance associated with the transaction, the analyst noted.