Business

Smith & Wesson stock ticks up after analyst upgrade

Smith & Wesson, a gun maker, is based in Springfield and has facilities in Maine.
Smith & Wesson, a gun maker, is based in Springfield and has facilities in Maine.Associated Press/File 2014

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Smith & Wesson Holding Corp. was upgraded by Zacks from “neutral” to “outperform,” with a $15.30 price target. The firearms maker, with a market capitalization of about $777 million, posted quarterly earnings on March 4 of 36 cents per share, beating the consensus estimate. On Monday, the company said its new Deep River Plastics subsidiary will buy most assets of Tri Town Precision Plastics Inc., a longtime supplier of polymer frames and components for Smith & Wesson guns, for $23 million.

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