Lake Street Downgrades Vista Outdoor to Hold, Announces $37 Price Target
Portfolio Pulse from Benzinga Newsdesk
Lake Street analyst Mark Smith has downgraded Vista Outdoor (VSTO) from Buy to Hold and set a new price target of $37. This adjustment reflects a change in the firm's outlook on VSTO, potentially due to recent performance or market conditions.

May 10, 2024 | 1:27 pm
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Vista Outdoor has been downgraded by Lake Street from Buy to Hold with a new price target of $37, indicating a cautious outlook on the stock.
Analyst ratings can significantly influence investor sentiment and stock prices. A downgrade from Buy to Hold suggests that the analyst sees limited upside potential or increased risk, which could lead to a decrease in investor interest and a potential drop in the stock price in the short term. The setting of a specific price target provides a benchmark for expectations and could influence trading behavior around that level.
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