Sportsman’s Warehouse price target lowered to $2.25 from $4.25 at Roth Capital

Roth Capital analyst Matt Koranda lowered the firm’s price target on Sportsman’s Warehouse (SPWH) to $2.25 from $4.25 and keeps a Buy rating on the shares. The company reported a “decent” Q3, but the management flagged a demand downshift beginning mid-October and persisting into November, the analyst tells investors in a research note. With demand uncertain and management leaning into lower-margin hunt/shoot categories, the visibility into margin recovery is low, the firm added.