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Smith & Wesson stock rises after analysts issue ‘buy’ ratings

Springfield-based Smith & Wesson’s brands also include M&P and Thompson/Center Arms.
Springfield-based Smith & Wesson’s brands also include M&P and Thompson/Center Arms.Justin Sullivan /Getty Images/File 2013

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Smith & Wesson Holding Corp. is a stock to own, two firms’ analysts said this week. Sidoti & Co. raised its “neutral” rating to “buy,” and CRT Capital initiated coverage with a “buy” rating and $16 price target. The gun maker most recently reported earnings of 28 cents per share for the quarter, up from 24 cents a year earlier and beating the estimates.

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