Lake Street analyst Chris Krueger says he's growing more confident that conditions in the firearms industry are stabilizing following American Outdoor Brands' "strong" Q1 upside. While the month-to-month FBI National Instant Criminal Background Check System data will likely remain volatile near-term, year-over-year comparisons are getting easier, Krueger tells investors in a research note. He believes shares of American Outdoor Brands will likely increase today by at least 10%. Even at a higher level, though, the risk-reward still looks favorable, the analyst contends. He thinks shares will more towards his unchanged price target of $17 and keeps a Buy rating on American Outdoor Brands.