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UPDATE: KeyBanc Capital Markets Downgrades Sturm, Ruger & Company to Underweight on Valuation

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KeyBanc Capital Markets Reduced its rating on Sturm, Ruger & Company (NYSE: RGR) from Hold to Underweight with a new price targett of $40 a share.

KeyBanc Capital Markets noted, "For RGR, which was an early mover in several key product categories in recent years, we believe the magnitude of future market share gains could moderate and with many operational improvements already made, we view the Company as much closer to what we would deem to be peak earnings and the current valuation is elevated… and would likely be at risk in the wake of a deceleration."

Sturm, Ruger & Company closed at $48.08 on Tuesday.

Latest Ratings for RGR

DateFirmActionFromTo
Mar 2015CRT CapitalUpgradesFairly ValuedBuy
Aug 2014CRT CapitalDowngradesBuyFairly Valued
Jan 2014CRT CapitalInitiates Coverage onBuy

View More Analyst Ratings for RGR
View the Latest Analyst Ratings

Posted-In: KeyBanc Capital MarketsAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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