Jefferies cuts Cadre target, seeing buying opportunity on selloff

Jefferies lowered the firm’s price target on Cadre (CDRE) to $45 from $55 and keeps a Buy rating on the shares. The firm says the company missed its Q4 earnings estimate by 36% with Cadre’s nuclear safety revenue dropping 7% in fiscal 2025. The 13% pullback in the shares creates a buying opportunity, the analyst tells investors in a research note. Jefferies believes Cadre’s core story remains intact.