Wall Street Zen has downgraded Smith & Wesson Brands (NASDAQ:SWBI) from “buy” to “hold”, maintaining a consensus “Hold” rating with an average price target of $11.00. The company recently surpassed earnings and revenue estimates but experienced a 3.9% year-over-year revenue decline and has thin net margins. Shares are currently trading around $11.90, with institutional investors holding approximately 59% of the stock.
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Smith & Wesson Brands (NASDAQ:SWBI) Rating Lowered to Hold at Wall Street Zen
Wall Street Zen has downgraded Smith & Wesson Brands (NASDAQ:SWBI) from “buy” to “hold”, maintaining a consensus “Hold” rating with an average price target of $11.00. The company recently surpassed earnings and revenue estimates but experienced a 3.9% year-over-year revenue decline and has thin net margins. Shares are currently trading around $11.90, with institutional investors holding approximately 59% of the stock.