AOUT - American Outdoor Brands called a multi-year winner by B. Riley

B. Riley Securities starts off coverage on American Outdoor Brands (AOUT) with a Buy rating.Analyst Eric Wold noted: "Following its recent spin-off from Smith & Wesson Brands, we believe AOUT is increasingly well positioned to benefit from the impressive 'rugged outdoor' activity participant growth during the pandemic and the related product demand tailwinds that we expect to benefit the company and industry in the years ahead."Wold and team think the solid, debt-free balance sheet at AOUT after the separation gives management the firepower to take advantage of a robust acquisition environment to gain market share penetration and build upon already attractive industry growth trends.B Riley assigns a price target of $32 to AOUT vs. the average Wall Street PT of $27.25.

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American Outdoor Brands called a multi-year winner by B. Riley