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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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This is the same "analyst" who covers Brunswick and Mattel and they come-up just before options expire? If that's not market manipulation, I dunno what is. What if a casino said no bets on number 12 on a roulette wheel. And yet we let these morons get away with it - in fact this idiot trader got an award - so buy a Ruger and have some fun.
Aug 21, 2012. 09:25 AM
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