Benzinga

Smith & Wesson Brands (NASDAQ: SWBI) shares are trading higher on Thursday after Aegis Capital initiated coverage on the stock with a Buy rating and a price target of $23 per share.Smith & Wesson Brands Inc is a U.S.-based leader in firearm manufacturing. It also provides products for shooting, hunting, and rugged outdoor enthusiasts in the global consumer and professional markets. The company manufactures handgun, long gun, and suppressor products. The firm's brand portfolio consists of Smith and Wesson, M&P, Thompson/Center Arms, and Gemtech. It also provides forging, machining, and precision plastic injection molding services.Smith & Wesson Brands shares were trading up 4.78% at $16.25 at the time of publication. The stock has a 52-week high of $27.79 and a 52-week low of $5.41.Latest Ratings for SWBI DateFirmActionFromTo Sep 2020Aegis CapitalInitiates Coverage OnBuy Aug 2020Cowen & Co.ReinstatesOutperform View More Analyst Ratings for SWBI View the Latest Analyst RatingsSee more from Benzinga * Why Rite Aid's Stock Is Trading Lower Today * Why Exact Sciences Stock Is Trading Higher Today * Why Twitter's Stock Is Trading Lower Today(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.