Barclays Maintains Underweight on Vestis, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Manav Patnaik has maintained an Underweight rating on Vestis (NYSE:VSTS) and lowered the price target from $19 to $10.
May 03, 2024 | 3:03 pm
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Barclays has maintained an Underweight rating on Vestis and reduced the price target from $19 to $10.
The reduction in price target by a significant margin from $19 to $10 by Barclays, coupled with the maintenance of an Underweight rating, suggests a bearish outlook on Vestis by the analyst. This could lead to negative sentiment among investors and potentially result in a decrease in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100