Smith & Wesson Brands price target lowered to $11 from $12.50 at Lake Street

Lake Street lowered the firm’s price target on Smith & Wesson Brands to $11 from $12.50 and keeps a Buy rating on the shares after the company reported Q4 sales and earnings that missed the firm’s expectations. The firm was “disappointed” by the Q4 results and initial outlook for Q1, notes the analyst, whose model reflects a lowered outlook with macro trends impacting consumer behavior, sales, and margin.