KeyBanc Downgrades Sturm Ruger (RGR) to Underweight; Seeing Limitations

KeyBanc downgraded Sturm Ruger (NYSE: RGR) from Hold to Underweight with a price target of $40.00.

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 - Smith & Wesson (Nasdaq: SWHC) was also downgraded this morning from Hold to Underweight.


For an analyst ratings summary and ratings history on Sturm Ruger click here. For more ratings news on Sturm Ruger click here.

Shares of Sturm Ruger closed at $48.08 yesterday.

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