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Stock impact report

Cadre Holdings, Inc. (CDRE) is a Strong Buy amid $50M DoD Contract [Yahoo! Finance]

Cadre Holdings, Inc. (CDRE) 
Company Research Source: Yahoo! Finance
Holdings, Inc. (NYSE:CDRE) commands a Strong Buy consensus rating on Wall Street. The average price target on the stock is $51, implying 21% upside potential from current levels. On November 19, the company's subsidiary Med-Eng LLC secured a five-year contract worth $50 million from the US Department of Defense. The subsidiary secured the contract after a competitive five-year development program to improve exposure identification methods. The contract is for the provision of blast-exposure monitoring systems designed to track exposures from heavy weapons and explosive breaching in combat and training environments. The systems are designed to enhance the US Military's ability to monitor, track, and evaluate blast overpressure exposure events. The company is to make the first delivery under the contract next year. “We are incredibly proud to be awarded this contract, which is a testament to Med-Eng's ability to develop best-in-class systems to aid in the mitigation of threats, su Show less Read more
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