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Fly News Breaks for January 6, 2016
SWHC
Jan 6, 2016 | 06:47 EDT
Wedbush analyst James Hardiman downgraded Smith & Wesson to Neutral citing the 150% rally in shares over the past year. The current valuation is "healthy" and it is difficult to determine how much of the recent increase in sales is just pulled-forward demand, the analyst tells investors in a research note. He raised his price target for the shares to $26 from $24.
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