Goldman Sachs Maintains Neutral on Vestis, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst George Tong has maintained a Neutral rating on Vestis (NYSE:VSTS) and lowered the price target from $20 to $11.

May 06, 2024 | 3:34 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Neutral rating on Vestis and reduces the price target from $20 to $11.
The reduction in price target by Goldman Sachs, a major financial institution, can lead to a negative perception among investors, potentially causing a short-term decrease in Vestis's stock price. The Neutral rating suggests no significant positive catalysts in the near term to counterbalance the lowered price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100