Wolfe Research Initiates Coverage On Vestis with Outperform Rating, Announces Price Target of $24
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research analyst Michael O'Brien has initiated coverage on Vestis (NYSE:VSTS) with an Outperform rating and set a price target of $24.
January 11, 2024 | 1:54 pm
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POSITIVE IMPACT
Wolfe Research has initiated coverage on Vestis with an Outperform rating and a price target of $24, which may positively influence the stock's performance.
Analyst ratings, especially initiations of coverage with positive outlooks, can lead to increased investor interest and confidence in the stock. The Outperform rating and the $24 price target set by Wolfe Research suggest a bullish view on Vestis, which could result in a short-term uptick in the stock price as the market reacts to the news.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100