Byrna Technologies price target raised to $16.25 from $12.75 at Ladenburg

Ladenburg raised the firm’s price target on Byrna Technologies to $16.25 from $12.75 and keeps a Buy rating on the shares post the Q1 report. The company’s new advertising strategy continues to drive impressive revenue growth, the analyst tells investors in a research note. The firm says that with Byrna’s expanding presence in the non-lethal personal security market, it now anticipates a “robust revenue ramp” in the coming years due to increased adoption and frequent use by both consumers and professional security personnel.