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Fly News Breaks for August 29, 2019
SPWH
Aug 29, 2019 | 09:33 EDT
DA Davidson analyst Michael Kawamoto raised his price target on Sportsman's Warehouse to $6 and kept his Buy rating after its Q2 results highlighted by "strong" sales of firearms. The analyst also cites the company's continued reduction in leverage and signs of accelerating comps in the back half of the year, saying investor sentiment on the stock is likely to improve. Kawamoto further states that at 7-times his expected 2020 earnings, the valuation on Sportsman's Warehouse offers an "attractive" entry point.
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