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SWBI - Smith & Wesson Brands Inc News Story

$21.19 0.4  1.8%

Last Trade - 17/09/21

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £741.0m
Enterprise Value £645.1m
Revenue £803.3m
Position in Universe 2960th / 7149

BUZZ-Smith & Wesson gains as brokerages raise PTs after 'blowout' quarter

Fri 18th June, 2021 3:47pm
** Shares in firearm maker  SWBI.O  rise 12.9% to $22.48,
set for best day in over 5 months 
    ** At least 2 brokerages lift PTs after SWBI posted
better-than-expected qtrly results and announces dividend
increase on Thursday  urn:newsml:reuters.com:*:nL2N2NZ2V8
    ** Cowen raises PT to $30.5 from $24, a 53% upside to last
close
    ** Blowout results and continuing momentum suggest FY22 will
be a decent year - Cowen
    ** Wedbush also increases PT by $2 to $22, with Refinitiv
data showing median PT is at $23
    ** Shares in gunmaker Sturm Ruger & Co  RGR.N  up ~4%
    ** Shares of ammunition and outdoor products seller Vista
Outdoor  VSTO.N  were up 3.8%, while ammunition and munitions
provider Ammo's  POWW.O  stock up ~2.6%  urn:newsml:reuters.com:*:nL3N2O031W
    ** SWBI shares, rated "buy" on average, up ~27% YTD

 (Reporting by Nivedita Balu and Praveen Paramasivam in
Bengaluru)
 ((Nivedita.Balu@thomsonreuters.com; within U.S. +1 646 223
8780; outside U.S. +91 80 6749 4822/ Twitter: @niveditabalu;))
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