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Fly News Breaks for August 30, 2019
AOBC
Aug 30, 2019 | 09:08 EDT
Lake Street analyst Mark Smith lowered his price target for American Outdoor Brands to $14 from $17 after the company's Q1 results missed his estimates and consensus on the top and bottom lines. Management also gave a mixed message with Q2 guidance that was well below expectations while maintaining full-year revenue guidance and only bringing full-year earnings guidance down 6c due to tariffs, Smith tells investors in a research note. The analyst, however, thinks the shares are inexpensive and keeps a Buy rating on the name.
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