Dougherty sees opportunity in Smith & Wesson sell-off

|About: Smith & Wesson Holding Corp... (SWHC)|By:, SA News Editor

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.