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Fly News Breaks for January 10, 2020
SPWH
Jan 10, 2020 | 07:33 EDT
Craig-Hallum analyst Ryan Sigdahl tells investors in a research note to investors that he would use the pullback in Sportsman's Warehouse as an opportunity to buy shares. On Thursday, the company lowered its guidance for Q4, as temporary, competitor-driven headwinds were greater than previously anticipated by management, notably during December. While he wasn't surprised by competitors discounting and creating a challenging retail environment, he did underestimate the magnitude of the impact on Sportsman's in Q4, but continue to believe actions by competitors to eliminate MSR and handgun ammo will be a material positive. The analyst made no change to his Buy rating and $12 price target.
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