Byrna Technologies price target raised to $23 from $22 at Roth MKM

Roth MKM analyst Matt Koranda raised the firm’s price target on Byrna Technologies (BYRN) to $23 from $22 and keeps a Buy rating on the shares. The company reported “positive” preliminary sales for Q4, and importantly, this strength appears based on steady performance during September-October and early-to-mid-November, and not on the Holiday promotions, the analyst tells investors in a research note. Byrna also delivered 75% sales growth in its direct channel despite the toughest comparison of the fiscal year, the firm adds.