Smith & Wesson Stock Tanks. Cowen Cuts Price Target on Inventory Issues.

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https://www.barrons.com/articles/smith-wesson-stock-earnings-downgrade-51638539539


Updated Dec. 3, 2021 12:28 p.m. ET / Original Dec. 3, 2021 9:04 americium ET

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Smith & Wesson Brands was falling sharply connected Friday aft analysts reduced their standing connected the banal pursuing disappointing net from the firearms manufacturer.

Analysts astatine Cowen reduced their standing to Market Perform from Outperform and chopped the terms people to $22 from $38. Cowen cited absorption guidance that indicated third-quarter accumulation would “be down 27% portion it builds its ain inventory to conscionable marketplace demand.”

Smith...


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