VirTra price target raised to $14.50 from $13 at Roth MKM

Roth MKM analyst Richard Baldry raised the firm’s price target on VirTra to $14.50 from $13 and keeps a Buy rating on the shares. The company’s Q2 earnings exceeded forecasts as backlog eased and with operations having improved adequately to keep costs contained despite strong revenue growth, the analyst tells investors in a research note. VirTra has now demonstrated far greater earnings capacity in both first-half quarters than ever prior, the firm added.