Benchmark Starts Smith & Wesson Holding (SWHC) at Buy; Benefiting From Industry Growth
Tweet
Share
E-mailGet Alerts SWHC Hot Sheet
Price: $21.08 --0%
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- DA Davidson Starts Everus (ECG) at Buy
- Keefe, Bruyette & Woods Resumes Toronto-Dominion Bank (TD:CN) (TD) at Market Perform
- Cantor Fitzgerald Starts Nuvation Bio Inc (NUVB) at Overweight
Create E-mail Alert Related Categories
New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
