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Benzinga
Benzinga
Business
Akanksha Bakshi

B. Riley Hikes Cadre's Price Target By 15%

Cadre CDRE NYSE Ukraine
  • B. Riley analyst Jeff Van Sinderen raised the price target on Cadre Holdings Inc (NYSE:CDRE) to $31 from $27 while maintaining the Buy rating on the shares.
  • The analyst mentions that the company's follow-on offering will help it drive profitable growth over the next several years through accretive acquisitions, expanding product offerings, entering new markets, and expanding geographically.
  • Van Sinderen believes Cadre will yield incremental revenue from explosive ordnance disposal suit sales to help Ukraine's cleanup and reconstruction.
  • Price Action: CDRE shares are trading lower by 11.56% at $18.93 on the last check Monday.
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