Cadre price target raised to $50 from $48 at B. Riley

B. Riley raised the firm’s price target on Cadre (CDRE) to $50 from $48 and keeps a Buy rating on the shares. The company’s Q1 exceeded consensus due to “strong demand and outstanding execution,” the analyst tells investors in a research note. The firm says law enforcement department spending per officer has remained healthy and stable in the U.S. and Canada, with major U.S. cities continuing to increase police budgets.