CDRE - Cadre tracks higher after wave of positive analyst ratings pour in

Jacksonville, Florida-based Cadre (CDRE +2.4%)is on watch after analysts start posting ratings on the police-equipment firm. Positive ratings are in so far from Raymond James(Outperform, price target $25), Lake Street (Buy, price target $24), Stephens (Overweight price target $23) and B. Riley(Buy, price target $26). Stephens analyst Daniel Imbro notes the company's strong market share in key recurring revenue categories gives it an attractive financial profile. He adds that the company's low capital intensity creates strong free cash flow, and management has ample balance sheet flexibility to pursue M&A and continue to grow its dividend. Raymond James analyst Brian Gesuale, calls the company the "undisputed market leader" in safety and survivability equipment for first responders, military and commercial customers. Given "highly visible" low-single-digit to mid-single-digit sales growth and several hundred basis points of margin expansion potential, Gesuale views Cadre's model as attractive. Lake Street analyst Mark Smith, sees the recent IPO giving Cadre dry powder to make accretive acquisitions and expand "its already

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Cadre tracks higher after wave of positive analyst ratings pour in