Benchmark Starts Smith & Wesson Holding (SWHC) at Buy; Benefiting From Industry Growth
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Price: $21.08 --0%
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Benchmark initiates coverage on Smith & Wesson Holding (NASDAQ: SWHC) with a Buy. PT $9.00.
Analyst, Mike Greene, said, "Our price target is based on an 8.5x FY13 EV/EBITDA multiple, which we believe is appropriate for an industry leader well positioned to expand its share of a doubledigit growth market. Smith & Wesson is a premier manufacturer of pistols, revolvers, and rifles, generating 88% of sales from the US commercial market. With its unsuccessful acquisitions fully written down and its unprofitable businesses planned for divestiture, SWHC is primed to focus on its core-product strength and continue to expand its share of the fast-growing US commercial firearms market."
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 $6.81 yesterday.
Analyst, Mike Greene, said, "Our price target is based on an 8.5x FY13 EV/EBITDA multiple, which we believe is appropriate for an industry leader well positioned to expand its share of a doubledigit growth market. Smith & Wesson is a premier manufacturer of pistols, revolvers, and rifles, generating 88% of sales from the US commercial market. With its unsuccessful acquisitions fully written down and its unprofitable businesses planned for divestiture, SWHC is primed to focus on its core-product strength and continue to expand its share of the fast-growing US commercial firearms market."
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 $6.81 yesterday.
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