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AOBC

American Outdoor Brands

$9.20

-0.06 (-0.65%)

, VSTO

Vista Outdoor

$7.65

-0.07 (-0.91%)

15:06
12/17/19
12/17
15:06
12/17/19
15:06

Toronto mass shooting victims sue Smith & Wesson, Guardian says

In a first of its kind law suit in Canada, the victims of a mass shooting in Toronto have initiated a C$150M lawsuit against gun manufacturer Smith & Wesson, which is now named American Outdoor Brands (AOBC), the Guardian reports. According to the Guardian's report the suit alleges "the company failed to implement key safety features in its weapons that could have prevented the 2018 attack." Other companies that may be impacted by this news include Vista Outdoor (VSTO), Sturm, Ruger (RGR) and Olin (OLN). Reference Link

AOBC

American Outdoor Brands

$9.20

-0.06 (-0.65%)

VSTO

Vista Outdoor

$7.65

-0.07 (-0.91%)

RGR

Sturm, Ruger

$46.60

0.34 (0.73%)

OLN

Olin

$17.20

-0.23 (-1.32%)

AOBC American Outdoor Brands
$9.20

-0.06 (-0.65%)

10/09/19
10/09/19
UPGRADE
Target $10

Buy
American Outdoor Brands upgraded to Buy on valuation, catalysts at Craig-Hallum
As previously reported, Craig-Hallum analyst Steven Dyer upgraded American Outdoor Brands to Buy from Hold, with an unchanged price target of $10. The analyst believes valuation is "extremely attractive" and thinks there is a compelling near-term opportunity with potential catalysts upcoming even though he continues to have concerns about a potential longer-term secular decline in firearms.
10/09/19
10/09/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Roku (ROKU) upgraded to Outperform from Neutral at Macquarie with analyst Tim Nollen saying the shift to connected television viewing that has been underway in the U.S. for the past few years will follow internationally in the coming years. 2. Chipotle (CMG) upgraded to Hold from Underperform at Gordon Haskett with analyst Jeff Farmer saying the company's sales momentum makes the bear thesis on shares "increasingly untenable." 3. Sleep Number (SNBR) upgraded to Outperform from Market Perform at Raymond James with analyst Bobby Griffin saying Sleep Number's pullback over the last few months creates a more favorable risk/reward setup heading into Q3 earnings and adds that he continues to have a favorable view of the company's business model and product offering, particularly as consumers focus on health and wellness. 4. American Outdoor Brands (AOBC) upgraded to Buy from Hold at Craig-Hallum with analyst Steven Dyer saying he believes valuation is "extremely attractive" and thinks there is a compelling near-term opportunity with potential catalysts upcoming even though he continues to have concerns about a potential longer-term secular decline in firearms. 5. Fannie Mae (FNMA) and Freddie Mac (FMCC) upgraded to Market Perform from Underperform at Keefe Bruyette. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/09/19
CHLM
10/09/19
UPGRADE
Target $10
CHLM
Buy
American Outdoor Brands upgraded to Buy from Hold at Craig-Hallum
Craig-Hallum analyst Steven Dyer upgraded American Outdoor Brands to Buy from Hold with an unchanged price target of $10.
11/14/19
CHLM
11/14/19
NO CHANGE
Target $12
CHLM
Buy
American Outdoor Brands price target raised to $12 from $10 at Craig-Hallum
Craig-Hallum analyst Steve Dyer raised his price target for American Outdoor Brands to $12 from $10 saying that while the company's planned separation has "pros and cons," the shares are "materially undervalued." The pros include isolating its firearms liability and negative public sentiment to Smith & Wesson, and the cons include lost synergies, Dyer tells investors in a research note. The analyst, however, thinks value could be unlocked as American Outdoor undergoes the spin-off of its Outdoor Products segment into a separate public company. In addition, signs of stabilization in the firearm demand environment brings confidence that estimate cuts are over and the stock can re-rate higher, says the analyst, who reiterates a Buy rating on the shares.
VSTO Vista Outdoor
$7.65

-0.07 (-0.91%)

08/21/19
LSCM
08/21/19
NO CHANGE
Target $9
LSCM
Buy
Vista Outdoor would be attractive candidate for takeover, says Lake Street
Lake Street analyst Mark Smith said the selloff in Vista Outdoor shares since the announcement of the sale of the Savage firearms business in early July has been overdone. He said a large part of the Q1 earnings miss and lower guidance was due to the divested firearms business, but this should not have come as a surprise since management had previously given a warning regarding the divestiture and its impact. His analysis of 33 M&A transactions over the last eight years for businesses similar to Vista leads him to conclude that the company would be an attractive takeover candidate, noted Smith, who keeps a Buy rating and $9 price target on the stock.
12/02/19
LSCM
12/02/19
NO CHANGE
Target $10
LSCM
Buy
Lake Street outdoor retailer checks show promotions, ammunition oversupply
Lake Street analyst Mark Smith says his channel checks at various outdoor retailers indicated heavy promotional activity leading into Black Friday and that an oversupply of ammunition is resulting in discounted prices. However, Vista Outdoor incurred most of this in Q2 and the tough pricing environment the company is facing during the quarter is largely behind it, Smith tells investors in a research note. He sees potential for upside in the second half of the year and keeps a Buy rating on the shares with a $10 price target.
10/11/19
DADA
10/11/19
INITIATION
Target $6.5
DADA
Neutral
Vista Outdoor initiated with a Neutral rating at DA Davidson
DA Davidson analyst Michael Kawamoto initiated coverage of Vista Outdoor with a Neutral rating and $6.50 price target. The analyst believes an inflection point is near, on both revenue growth and margins, but prefers to wait for better visibility to the size and timing of this acceleration before getting more constructive on the shares.
09/06/19
KEYB
09/06/19
NO CHANGE
KEYB
Retail firearm background checks rose more than expected in August, says Keybanc
NICS background checks conducted by the FBI, which is a proxy for retail firearm demand, rose an adjusted 15.2% in August, according to Keybanc analyst Brett Andress. This was above his expectation for mid-single digit growth. State-level data also supports broad-based strength, with all but two states tracking positively, said the analyst, who added that comparisons ease further into September and October. Publicly traded companies in the gun space include American Outdoor Brands (AOBC), Sturm, Ruger (RGR), and Vista Outdoor (VSTO).
RGR Sturm, Ruger
$46.60

0.34 (0.73%)

OLN Olin
$17.20

-0.23 (-1.32%)

11/04/19
RHCO
11/04/19
DOWNGRADE
Target $19
RHCO
Hold
Olin downgraded to Hold from Buy at SunTrust
SunTrust analyst James Sheehan downgraded Olin to Hold from Buy with a $19 price target.
11/04/19
RHCO
11/04/19
DOWNGRADE
Target $19
RHCO
Hold
Olin downgraded to Hold from Buy at SunTrust
SunTrust analyst James Sheehan downgraded Olin to Hold from Buy with a price target of $19, down from $27, after its Q3 earnings miss and a cut in its FY19 guidance. The analyst says his expected strengthening in supply/demand for chlor-alkali did not materialize since "chlorine demand has outpaced caustic soda demand", which is the reverse of the typical trend during economic slowdown. Sheehan adds that the high chlor-alkali operating rates are likely to be sustainable next year, which should prevent caustic soda prices from gaining traction. The analyst further notes that at current levels, he sees the upside and downside risks on the stock as "fairly balanced".
11/04/19
TUDR
11/04/19
DOWNGRADE
Target $19
TUDR
Hold
Olin downgraded to Hold from Buy at Tudor Pickering
Tudor Pickering analyst Matthew Blair downgraded Olin to Hold from Buy with a $19 price target.
10/17/19
JPMS
10/17/19
DOWNGRADE
Target $19
JPMS
Neutral
JPMorgan downgrades Olin to Neutral on caustic soda concerns
JPMorgan analyst Jeffrey Zekauskas downgraded Olin (OLN) to Neutral from Overweight with an unchanged price target of $19. When the recession comes, it will be "less friendly" to caustic soda pricing and profitability than past downturns, Zekauskas tells investors in a research note. Further, in the current economic environment, a sharp housing contraction is unlikely relative to industrial demand, as is the possibility of a sharp counter-cyclical rise in caustic soda prices stemming from a supply/demand squeeze, adds the analyst. The risk/reward characteristics of Olin and Westlake Chemical (WLK) are then less favorable, he says. Zekauskas downgrades Olin to Neutral, matching his rating on Westlake.

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GOOG

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$1,480.28

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$339.56

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CMCSK

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$0.00

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CMCSA

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JWN

Nordstrom

$40.34

-0.15 (-0.37%)

, WMT

Walmart

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BA

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$324.11

-7.89 (-2.38%)

, DDAIF

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FSLR

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$318.66

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DQ

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SPOT

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Celanese

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UBSFY

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IMVT

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TBLT

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MYO

Myomo

$0.32

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SRRA

Sierra Oncology

$0.40

-0.02 (-4.76%)

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  • 21

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SRNE

Sorrento Therapeutics

$4.26

-0.15 (-3.40%)

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AKER

Akers Biosciences

$3.45

-0.1 (-2.82%)

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ECA

Encana

$4.09

-0.18 (-4.22%)

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  • 29

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MBRX

Moleculin Biotech

$0.96

0.0122 (1.29%)

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VOD

Vodafone

$20.07

-0.225 (-1.11%)

, BT

BT Group

$0.00

(0.00%)

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$20.07

-0.225 (-1.11%)

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$0.00

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16:30
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Options
Preliminary option volume of 28.7M today »

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