Craig-Hallum Upgrades Smith & Wesson to Buy, Citing Strong Earnings and Election Cycle Positioning

Friday, 8 March 2024, 16:00

Craig-Hallum's upgrade of Smith & Wesson to Buy has boosted the company's shares by over 25%. The upgrade is based on the gun manufacturer's robust earnings performance and its favorable positioning in the upcoming election cycle. This move indicates confidence in Smith & Wesson's potential for growth and success in the current market conditions.

https://store.livarava.com/c9b49fd8-dd77-11ee-9655-5254a2021b2b.jpe — Craig-Hallum Upgrades Smith & Wesson to Buy, Citing Strong Earnings and Election Cycle Positioning

Craig-Hallum's Positive Outlook for Smith & Wesson

Shares of Smith & Wesson Brands soared more than 25% following Craig-Hallum's decision to upgrade the gun maker to a Buy rating. The upgrade was driven by the company's impressive earnings and its advantageous position going into the election cycle.

Upgrade Based on Strong Earnings and Election Cycle Positioning

Craig-Hallum's Upgrade: Indicates confidence in Smith & Wesson's performance.
Market Response: Shares surged over 25% in response to the upgrade.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.