Smith & Wesson Brands price target raised to $14 from $12 at Craig-Hallum

Craig-Hallum analyst Steve Dyer raised the firm’s price target on Smith & Wesson Brands to $14 from $12 and keeps a Hold rating on the shares. Smith & Wesson reported mixed results and guidance, and while margins and free cash flow are temporarily depressed, both should normalize following next quarter at which point capital returns to shareholders should increase, the analyst tells investors in a research note.