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Why Smith & Wesson Brands Stock Is Trading Higher Today

Tanzeel Akhtar
·1 min read

Smith & Wesson Brands (NASDAQ: SWBI) shares are trading higher on Thursday after Aegis Capital initiated coverage on the stock with a Buy rating and a price target of $23 per share.

Smith & Wesson Brands Inc is a U.S.-based leader in firearm manufacturing. It also provides products for shooting, hunting, and rugged outdoor enthusiasts in the global consumer and professional markets. The company manufactures handgun, long gun, and suppressor products. The firm's brand portfolio consists of Smith and Wesson, M&P, Thompson/Center Arms, and Gemtech. It also provides forging, machining, and precision plastic injection molding services.

Smith & Wesson Brands shares were trading up 4.78% at $16.25 at the time of publication. The stock has a 52-week high of $27.79 and a 52-week low of $5.41.

Latest Ratings for SWBI

Date

Firm

Action

From

To

Sep 2020

Aegis Capital

Initiates Coverage On

Buy

Aug 2020

Cowen & Co.

Reinstates

Outperform

View More Analyst Ratings for SWBI
View the Latest Analyst Ratings

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