Cadre price target raised to $37 from $32 at Lake Street

Lake Street raised the firm’s price target on Cadre to $37 from $32 and keeps a Buy rating on the shares after having updated the firm’s model to reflect the recent acquisition of ICOR Technology, an explosive ordnance disposal robot company from Canada. After having visited with management at the recent Shot Show and hosted management at the firm’s Take Aim Conference, Lake Street came away “with an improved outlook on the company,” the analyst added.