American Outdoor Brands price target raised to $20 from $14 at Lake Street

Lake Street raised the firm’s price target on American Outdoor Brands (AOUT) to $20 from $14 and keeps a Buy rating on the shares. After having visited with management and seeing the company’s new products last week at the SHOT Show, the firm says it “came away impressed with the innovation and the initial reception to the new products.” Following the show, the firm is raising its valuation multiple as it has more confidence in the company’s strategy and an improved outlook, the analyst tells investors.