B. Riley raised the firm’s price target on Byrna Technologies to $14 from $8 and keeps a Buy rating on the shares post the Q4 report. The analyst anticipates the company’s margins will benefit from economies and efficiencies of scale as Byrna aims to run cash flow positive. The firm says the company is building brand awareness using the Nike model.
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Read More on BYRN:
- Byrna Technologies Reports Fiscal Fourth Quarter and Full Year 2023 Results
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