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Smith & Wesson stock falls after rating is cut

Despite Smith & Wesson’s fall, the stock is still well above its 52-week low of $7.40.

John Badman /The Telegraph via AP

Despite Smith & Wesson’s fall, the stock is still well above its 52-week low of $7.40.

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Springfield-based Smith & Wesson Holding Corp.’s shares were dragged down after KeyBanc downgraded the stock to “underperform” amid ample caution about the gun maker, Dow Jones reported. Demand for firearms has been high in the past year, but KeyBanc says that “near-term retail demand has peaked and the recent demand pull-forward will limit growth over the next several quarters.”

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