BofA Downgrades Cadre Holdings To Underperform, Cuts Price Target

BofA Securities downgraded Cadre Holdings (NYSE:CDRE) to Underperform from Neutral and lowered its price target to $26.00 from $38.00.

The analysts noted that concerns highlighted in a prior downgrade — including slow growth and a challenging M&A environment — have persisted. Since reporting second-quarter results, the firm pointed to the potential for additional pressure on organic growth in the second half of 2025, citing a 1% decline in Q2 and management’s comments on contract delays.

Investor sentiment appeared to reflect these concerns, with Cadre’s shares falling about 16% on August 6, while the S&P 500 rose roughly 1%. The new price target of $26 is based on a relative EV/EBITDA multiple for 2026 estimates, which remains unchanged.
Cadre Holdings, Inc. View
Symbol Price %chg
RTX.BA 47400 0.46
LMT.BA 35500 0.34
012450.KS 1023000 -0.68
329180.KS 499500 -1.3
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