Byrna Technologies price target raised to $17 from $14 at B. Riley

B. Riley raised the firm’s price target on Byrna Technologies to $17 from $14 and keeps a Buy rating on the shares. Celebrity endorsements and a new TV strategy drove sales up 98% to a new record in Q1, with direct to consumer sales hitting a new high, the analyst tells investors in a research note. Gating advertising spend will keep growth in line with expanding production capacity, from 10,000 units per month to 12,500 in February and 18,000 by May, the firm says.