Cadre price target raised to $62 from $50 at B. Riley

B. Riley raised the firm’s price target on Cadre (CDRE) to $62 from $50 and keeps a Buy rating on the shares. The company expected Q3 earnings estimates and is “exceptionally well-positioned for sustained growth and value creation,” the analyst tells investors in a research note. Riley sees strong demand fundamentals across Cadre’s law enforcement, military, and nuclear end markets.