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KeyBanc Capital Markets downgrades gun sellers Sturm Ruger (
) and Smith & Wesson (
). Forget about any talk about the Obama or Romney election factor, this is a good ole fashioned
as both stocks have run up solid YTD gains and appear to have maxed out profitability. KeyBanc's ratings: SWHC to Hold from Buy, RGR to Underweight from Hold.
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I'll still like that nice 3.4% yield from RGR to go along with their 29% ROE.
Aug 17, 2012. 12:16 AM
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