KeyBanc Downgrades Smith & Wesson Holding (SWHC) to Hold; Taking Breather After Huge Run-up

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KeyBanc downgraded Smith & Wesson Holding (NASDAQ: SWHC) from Buy to Hold.

Given the significant outperformance of the Industry compared to the broader market, coupled with what we believe to be close to peak Near-Term retail demand trends, we believe further upside in the stocks could be limited and the Risk/Reward Dynamic is no longer compelling.

Note - Ruger (NYSE: RGR) was also downgraded this morning from Hold to Underweight.

For an analyst ratings summary and ratings history on Smith & Wesson Holding click here. For more ratings news on Smith & Wesson Holding click here.

Shares of Smith & Wesson Holding closed at $9.76 yesterday, with a 52 week range of $2.29-$10.25.

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