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Fly News Breaks for August 31, 2018
AOBC
Aug 31, 2018 | 07:35 EDT
Wedbush analyst James Hardiman noted that American Outdoor Brands' shares had given back much of their early-year gains as lackluster NICS data drove concerns that guidance and consensus estimates were in jeopardy. However, he believes the company's beat and raise report successfully refuted that theory and should quiet concerns around its turnaround. The analyst, who thinks the company's updated guidance remains somewhat conservative, keeps an Outperform rating and $14.50 price target on American Outdoor shares.
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