Craig-Hallum Maintains Hold on Smith & Wesson Brands, Raises Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Steve Dyer has maintained a Hold rating on Smith & Wesson Brands (NASDAQ:SWBI) and increased the price target from $12 to $14.
December 08, 2023 | 5:04 pm
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Craig-Hallum analyst Steve Dyer maintains a Hold rating on Smith & Wesson Brands and raises the price target from $12 to $14.
The increase in price target from $12 to $14 by Craig-Hallum suggests a positive outlook on the stock's value, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Hold rating indicates that the analyst does not see significant momentum or changes in the company's fundamentals that would justify an upgrade to Buy, thus the impact is positive but moderate.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100