Sturm Ruger price target raised to $43 from $41 at Lake Street

Lake Street raised the firm’s price target on Sturm Ruger (RGR) to $43 from $41 and keeps a Buy rating on the shares after the company reported Q4 results that the firm calls “generally better than we had expected.” While the firm remains cautious on the overall consumer environment, it believes Ruger is positioned to gain share given its refreshed product roadmap and expanded capacity investments, the analyst tells investors.