BofA downgraded Cadre Holdings (CDRE), Reduces the PT Too

Cadre Holdings, Inc. (NYSE:CDRE) is one of the 13 Best Aerospace and Defense Stocks to Invest in Now. On June 13, BofA analyst Ronald Epstein downgraded Cadre Holdings, Inc. (NYSE:CDRE) from Buy to Neutral, while also reducing the price target from $45 to $38.

Epstein highlighted that inorganic growth, which has been a major part of the company’s growth story and valuation, is likely to face delays and slowdowns due to the current environment. Moreover, the cost of borrowing is also expected to increase, which the analyst expects is likely to affect the company’s financial performance. As a result, Epstein also lowered his EPS estimates on Cadre Holdings, Inc. (NYSE:CDRE) for 2025, 2026, and 2027.

BofA downgraded Cadre Holdings (CDRE), Reduces the PT Too

A U.S. Marine in full body armor standing in formation in a parade.

During the fiscal first quarter of 2025, Cadre Holdings, Inc. (NYSE:CDRE) reported net sales of $130.1 million, down from $137.9 million in Q1 2024. Management noted that the company’s product mix was not favorable mainly due to lower volumes in Alpha Safety and EOD products. However, despite this, it still increased its quarterly order backlog by $22.4 million.

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

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