Byrna Technologies price target raised to $29 from $23 at Roth MKM

Roth MKM raised the firm’s price target on Byrna Technologies (BYRN) to $29 from $23 and keeps a Buy rating on the shares ahead of its Q4 results. The quarter should fall in line with the pre-announcement from December 10, while Byrna should demonstrate healthy flow-through on adjusted EBITDA, with both gross margin and operating expense leverage, the analyst tells investors in a research note.