Roth MKM Maintains Buy on Cadre Hldgs, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Matt Koranda maintains a 'Buy' rating on Cadre Holdings (NYSE:CDRE) and raises the price target from $28 to $30.
August 09, 2023 | 7:40 pm
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POSITIVE IMPACT
The 'Buy' rating maintained by Roth MKM and the raised price target could potentially lead to an increase in Cadre Holdings' stock price.
Analyst ratings and price targets can significantly influence investor sentiment. A maintained 'Buy' rating indicates the analyst's continued confidence in the company's performance. Furthermore, the raised price target suggests the analyst believes the stock is undervalued at its current price, which could encourage more investors to buy, potentially driving up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100