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Fly News Breaks for August 1, 2016
SWHC
Aug 1, 2016 | 08:59 EDT
Craig-Hallum analyst Steven Dyer rasied Smith & Wesson estimates on strong retail and distributor channel demand. Dyer said recent checks indicate sell-through at retail has increased as a result of recent high-profile shootings and election fears along with a surge in demand from distributor channels with the desire to restock an already depleted channel, with some backlogs stretching out 12 months. The analyst rates Smith & Wesson a Buy with a $35 price target, up from $32.
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