KeyBanc Capital Says Firearm Market Running Out Of Steam

    Fox News reports

    A report from KeyBanc Capital Markets cautioned that the firearms industry may be running out of steam, sending shares of Sturm, Ruger & Co. (RGR) and Smith & Wesson (SWHC) tumbling.

    Smith & Wesson, which was downgraded to underweight from hold, traded 8% lower to $11.22 Thursday. Ruger was down 3.4% at $53.15.

    KeyBanc also lowered its price target for Springfield, Mass.-based Smith & Wesson to $10 as a result of recent outperformance. The stock was up 45.4% so far this year, easily outpacing the broader market.

    What is the general feeling among those of you who work in gun stores?

    Steve Johnson

    I founded TFB in 2007 and over 10 years worked tirelessly, with the help of my team, to build it up into the largest gun blog online. I retired as Editor in Chief in 2017. During my decade at TFB I was fortunate to work with the most amazing talented writers and genuinely good people!