Lake Street Maintains Buy on Vista Outdoor, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Lake Street analyst Mark Smith has maintained a 'Buy' rating on Vista Outdoor (NYSE:VSTO) but lowered the price target from $38 to $29.
October 17, 2023 | 6:59 pm
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NEUTRAL IMPACT
Vista Outdoor's price target has been lowered from $38 to $29 by Lake Street, though the 'Buy' rating is maintained.
The lowering of the price target by Lake Street could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100