For all the public outrage following the mass shooting in Florida, Wall Street analysts aren’t worried about the prospects of American Outdoor Brands Corp., the gunmaker formerly known as Smith & Wesson and a sort of bellwether for firearms manufacturers now facing a firestorm.
The company’s shares have fallen in trading since law enforcement identified the semi-automatic AR-15 assault rifle used in the Parkland, Florida, school shooting as an American Outdoor product. Shares are down 4.5 percent from the day before the Feb. 14 shooting through Monday's close and have now dropped 24 percent since the start of the year. The company reports its third quarter earnings on March 1.
