Roth MKM analyst Matt Koranda keeps a Buy rating and $12 price target on American Outdoor Brands, stating the company has reported a “solid” set of Q4 results while controlling inventory and generating strong free cash flows. American Outdoor’s FY24 growth outlook of 3.5% was also “acceptable” given the tough macro backdrop, and its growth and margin expansion momentum should build across this FY and next as the company continues to drive growth through product innovation, the analyst tells investors in a research note.
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Read More on AOUT:
- American Outdoor Brands jumps 8% to $8.62 after Q4 results beat estimates
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