Lake Street analyst Mark Smith lowered the firm’s price target on American Outdoor Brands (AOUT) to $14 from $19 and keeps a Buy rating on the shares after the company’s Q2 results came in above the firm’s expectations. Management guided Q3 revenue to decline about 8% year-over-year and expects FY26 sales down 13%-14% including last year’s pull-forward, notes the analyst, who cites the “cautious guidance” for the firm’s lowered target.
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