American Outdoor Brands price target raised to $11 from $10.50 at Roth MKM

Roth MKM raised the firm’s price target on American Outdoor Brands to $11 from $10.50 and keeps a Buy rating on the shares. The company delivered a “healthy” Q1 that was highlighted by stable demand in the Traditional channel, though this was offset by some shooting sports choppiness in the e-commerce channel, the analyst tells investors in a research note. American Outdoor’s “healthy” gross margins and tight operating expense management enabled an adjusted EBITDA beat vs. consensus, the firm added.