Smith & Wesson Brands price target raised to $18 from $16 at Lake Street

Lake Street analyst Mark Smith raised the firm’s price target on Smith & Wesson Brands to $18 from $16 and keeps a Buy rating on the shares after the company reported “solid” fiscal Q4 results that beat the firm’s and consensus top and bottom line expectations. The firm’s raised target is based on a 7.5-times multiple applied to its new FY25 adjusted EBITDA estimate of $106.9M, the analyst noted.