2022-08-30 09:27:01 AOUT American Outdoor Brands
08/30/22 08/3009:27 08/30/2209:27 | American Outdoor Brands upgraded to Buy with $11 target at B. RileyB. Riley analyst Eric Wold upgraded American Outdoor Brands to Buy from Neutral with an $11 price target. The analyst thinks healthy retail inventory levels will drive normalized re-stocking patterns into the holiday season. The risks have been priced into the shares, and American Outdoor's current valuation does not reflect its opportunity ahead with an elevated outdoor activity participant base and a brand portfolio that may be attractive to other entities, Wold tells investors in a research note. He believes the company could become an acquisition target. |
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