GUNS/BARMS

[EZ2]

The Bull Case May Be Over for Gun Makers -- Market Talk
DOW JONES & COMPANY, INC. 9:23 AM ET 10/6/2016
Symbol Last Price Change
SWHC 26.16 0 (0%)
QUOTES AS OF 04:00:00 PM ET 10/05/2016
9:23 ET - Amid "quickly decelerating demand in the US firearms market, a challenging early start to the key hunting season and the company's unexpected elimination from the U.S. military contract," Wunderlich now believes Smith & Wesson(SWHC) shares won't "see significant near-term outperformance." So it drops the gun maker to hold and cuts its price target to $29 from $36. Background-check data show noted slowing for August and September, including just high-single- digit growth for last month versus a year earlier. And with the industry facing "unusually difficult" comparisons starting in December, background checks might start logging declines soon. SWHC drops 2.1% premarket to $25.60 after having already retreated 11% since the end of July. ([e-mail]; @kevinkingsbury)


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10-06-160923ET
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