Lake Street raised the firm’s price target on Sportsman’s Warehouse to $6 from $5 and keeps a Buy rating on the shares. The firm made “modest adjustments” to its Q3 estimates, but expresses more confidence in its estimates and thinks the potential for sales outperformance is more likely. The firm thinks the company is likely seeing a bottom in sales and margin trends and will likely see improving results beginning in Q1 of FY24, the analyst added.
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