Roth MKM raised the firm’s price target on Cadre to $38 from $32 and keeps a Buy rating on the shares after the company announced a definitive agreement to acquire Alpha Safety for $107M. Alpha looks in line with the management’s stated strategy of finding an acquisition in a new vertical beyond military and law enforcement channels, providing another platform for Cadre, the analyst tells investors in a research note.
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Read More on CDRE:
- Cadre Holdings Announces Acquisition of Nuclear Safety Firm
- Cadre to acquire Alpha Safety for $106.5M
- Cadre price target raised to $40 from $36 at Stephens
- Cadre management to meet with Stephens
- Cadre price target raised to $37 from $32 at Lake Street
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