Smith & Wesson Brands price target lowered to $12.50 from $13 at Lake Street

Lake Street lowered the firm’s price target on Smith & Wesson Brands to $12.50 from $13 and keeps a Buy rating on the shares after the company reported fiscal Q3 sales and earnings that missed the firm’s expectations. In “a more normalized demand environment,” the firm thinks low single-digit sales growth is more likely next year with modest margin improvement, the analyst tells investors.