Equity Insights April 9th: Smith & Wesson, Limited Brands, Mastercard, Nordstrom
Smith & Wesson Holding Corporation (NASDAQ:SWHC): Cowen said Smith & Wesson’s strategy includes market share gains driven by leveraging of professional markets,and focusing on independent dealers, new products, and improved manufacturing. Shares are Outperform rated.
Limited Brands, Inc. (NYSE:LTD): Baird raised its price target on Limited following March comps. The firm noted comps were above expectations and that guidance going forward was maintained. Baird said the solid near term trends and current valuation reflects its leadership position. Shares remain Neutral rated.
Mastercard Incorporated (NYSE:MA): Stifel believes that MasterCard is likely to report higher than expected EPS, as a result of strong spending trends, pricing initiatives, and market share gains. Consequently the firm sees a significant chance that the company’s stock will climb and it maintains a Buy rating on the shares.
Nordstrom Inc. (NYSE:JWN): Baird raised its price target on Nordstrom following above consensus March comps. The firm said the company is well positioned to drive sales growth citing effective merchandising, rapid direct growth, and eventual improvement in women’s area. Shares are Outperform rated.
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