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Fly News Breaks for April 4, 2016
SWHC
Apr 4, 2016 | 06:48 EDT
Cowen analyst Cai von Rumohr downgraded Smith & Wesson to Market Perform citing slowing March NICS data and share performance year-to-date. The analyst said sequential declines of 13.2% and 8.0% for handguns and long guns, respectively, were the weakest of the past decade and well below ten year averages for hand guns -2.6% and long guns +3.6%.
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