Market Overview

UPDATE: Benchmark Company Reiterates Buy Rating, Raises PT on Smith & Wesson

Related SWHC
CNBC's Stock Pops & Drops From December 9
Top 4 NASDAQ Stocks In The Aerospace/Defense Products & Services Industry With The Highest ROE
Making Money With Charles Payne: 08/29/14 (Fox Business)

In a report published Friday, Benchmark Company reiterated its Buy rating on Smith & Wesson (NASDAQ: SWHC), and raised its price target to $13.00.

Benchmark noted, “We continue to believe that, while there is currently some ‘political buying' leading up to the election, commercial firearms are seeing long-term, secular growth from an increasing social acceptance of firearms for both personal defense and recreation/leisure—particularly with women and younger demographics. We believe SWHC will outpace this already strong growth by gaining share, particularly its polymer pistol market share with its M&P line. We increase our PT to $13, reflecting a 7.3x FY13 EV/EBITDA multiple and a 6.6x FY14 EV/EBITDA multiple.”

Smith & Wesson closed on Thursday at $8.99.

Latest Ratings for SWHC

DateFirmActionFromTo
Oct 2014WunderlichInitiates Coverage onBuy
Aug 2014Dougherty & CompanyDowngradesBuyNeutral
Aug 2014BenchmarkMaintainsBuy

View More Analyst Ratings for SWHC
View the Latest Analyst Ratings

Posted-In: Benchmark CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (SWHC)

Around the Web, We're Loving...

Get Benzinga's Newsletters