Cowen analyst Cai von Rumohr said Q2 results from American Outdoor Brands (NASDAQ: AOBC) suggests signs of a demand bottom. The firm maintained an Outperform rating and price target of $19.

"While AOBC pared FY18 adjusted EPS guide by 52¢ to 57-67¢, Q2 trends and "color" suggest demand is bottoming and that results should turn up in FY19," von Rumohr commented.

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Shares of American Outdoor Brands closed at $14.93 yesterday.