BofA downgraded Cadre Holdings (CDRE) due to anticipated delays and increased borrowing costs

From Yahoo Finance: 2025-06-28 12:31:00

BofA analyst Ronald Epstein downgraded Cadre Holdings, Inc. (NYSE:CDRE) from Buy to Neutral on June 13, reducing the price target from $45 to $38 due to anticipated delays in inorganic growth and increased borrowing costs affecting financial performance.

In the fiscal first quarter of 2025, Cadre Holdings, Inc. (NYSE:CDRE) reported net sales of $130.1 million, a decrease from $137.9 million in Q1 2024, citing unfavorable product mix with lower volumes in Alpha Safety and EOD products.

Cadre Holdings, Inc. (NYSE:CDRE) is a leading provider of safety and survivability products for first responders, law enforcement, military, and emergency services personnel.

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Read more at Yahoo Finance: BofA downgraded Cadre Holdings (CDRE), Reduces the PT Too