Sportsman’s Warehouse price target raised to $3.50 from $3 at Lake Street

Lake Street analyst Mark Smith raised the firm’s price target on Sportsman’s Warehouse (SPWH) to $3.50 from $3 and keeps a Buy rating on the shares after the company reported Q2 results that were above the firm’s expectations. Management raised the lower end of its FY25 net sales outlook to flat growth from down 1%, while maintaining the top end of up 3.5%, and adjusted EBITDA guidance was reiterated, the analyst noted.