The gun industry has high hopes for 2017 even though stocks in gun companies took a hit last week when an analyst predicted a drop in sales in the new year.

Wunderlich Securities analyst Rommel Dionisio predicted gun sales are likely to slow in 2017 after “unusually high growth” in 2016. That caused the share prices of Smith and Wesson and Sturm Ruger to drop for a bit on Tuesday before recovering.