Wedbush Downgrades Smith & Wesson Holding (SWHC) to Neutral
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Smith & Wesson Holding Corporation Updates Financial Expectations
January 4, 2016 6:00 PM ESTSPRINGFIELD, Mass., Jan. 4, 2016 /PRNewswire/ -- Smith & Wesson Holding Corporation (NASDAQ Global Select: SWHC), a leader in firearm manufacturing and design, today announced that it is updating expectations for its third quarter and full 2016 fiscal year, which will end on April 30, 2016. The company indicated that the sell-through rate of its products at distribution has been stronger than originally anticipated, resulting in reduced distributor inventories of its firearms. The company added that Adjusted National Instant Criminal Background Check System (NICS) data for the month of December, which serves as an indicator of consumer purchases, reflected... More
