RBC Capital upgraded Smith & Wesson Holding (NASDAQ: SWHC) from Sector Perform to Outperform with a price target of $23.00 (from $21.00), saying it is time for a breather.

Steven Cahall commented, "SWHC posted another big quarter with management delivering very strong margins. But the stock has run hard, so while we raise our estimates we're taking a breather and reducing our rating to Sector Perform."

2016/17/18 EPS goes from $1.09/$1.20/$1.39 to $1.18/ $1.28/$1.49 with EBITDAC going from $158M/$166M/$176M to $156/$175M/$184M.

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 $21.39 yesterday.