Sportsman’s Warehouse price target lowered to $2.50 from $3.50 at Roth MKM

Roth MKM analyst Matt Koranda lowered the firm’s price target on Sportsman’s Warehouse (SPWH) to $2.50 from $3.50 but keeps a Buy rating on the shares. The company turned in a healthy Q4, sustaining the improving Q3 comp trend while showing positive comps in December/January, which seemingly continued into February, the analyst tells investors in a research note. Roth adds however that while the management’s FY25 outlook was ahead of prior consensus, skeptics will likely point to a deteriorating macro as a headwind that may build for the rest of this year.