This Analyst Says Sturm, Ruger Can Be an $80 Stock
Shares of gunmakers have been rising sharply due to the coronavirus pandemic, and though Sturm, Ruger's (NYSE: RGR) stock already doubled in value since the outbreak, one analyst thinks there is a lot more room to run.
Lake Street analyst Mark Smith raised his price target on the gunsmith to $80 a share from $68, the highest yet of any Wall Street analyst, after the FBI reported strong criminal background check numbers in May.
Image source: Getty Images.
Source Fool.com
