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Smith & Wesson Seeing Continued Market-Share Gains -- Market Talk

DOW JONES & COMPANY, INC. 8:26 AM ET 05/20/14

Symbol Last Price Change
SWHC 15.08 0 (0%)
QUOTES AS OF 04:00:00 PM ET 05/19/2014


8:26 EDT - As Dick's (DKS) gets taken to the woodshed by investors after saying hunting-related sales have been weaker than anticipated and are likely to remain so, Wedbush sees better things in another part of the gun sector. Ahead of DKS' report, the investment bank upgraded Smith & Wesson(SWHC) to outperform and hiked its price target to $20 from $ 13. "Channel checks of firearms dealers highlight meaningful share gains for S&W in handguns," particularly in smaller items. "Such share gains were indeed masked in 2013 during the demand surge," but with things now normalizing, "dealers indicate this environment is again separating the market-share winners from the losers, and S&W is benefiting from recent new products." SWHC rises 1.6% premarket to $15.32 after falling 1.1% Monday. ([e-mail]; @ kevinkingsbury)


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05-20-140826ET
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