CL King Upgrades Smith & Wesson Holding (SWHC) to Buy

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Go back to CL King Upgrades Smith & Wesson Holding (SWHC) to Buy

Obama Victory a Win-Win for Gun Makers - (RGR) (SWHC)

November 7, 2012 9:19 AM EST

Benchmark reiterated their Buy ratings on gun makers Smith & Wesson Holding (NASDAQ: SWHC) ($13 PT) and Sturm, Ruger (NYSE: RGR) ($60 PT) following an Obama victory saying it may drive further "political" firearm sales. They also expect long-term organic growth to continue.

"With President Obama winning a second term in office after last night's election, "political" buying or the "Obama surge" could continue well into 2013," analyst Mike Greene notes. "Sales of... More