- Dougherty is out defending Buy-rated Smith & Wesson (SWHC -8.4%) which is in the midst of a post-earnings swoon thanks to what many are viewing as disappointing guidance.
- "The way we see it, handgun ownership and sport shooting are growing in popularity in accordance with demographic trends," analyst Andrea James says.
- "Any stock weakness tied to the Q2 guide should be treated as an opportunity," she concludes.
- Price target is $14.
Dougherty sees opportunity in Smith & Wesson sell-off
Sep 6 2013, 11:26 ET