Baird Downgrades Vestis to Neutral, Maintains Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Andrew Wittmann has downgraded Vestis (NYSE:VSTS) from Outperform to Neutral, while maintaining the price target at $13.

August 08, 2024 | 9:28 am
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Baird analyst Andrew Wittmann downgraded Vestis from Outperform to Neutral, maintaining the price target at $13.
The downgrade from Outperform to Neutral suggests a less optimistic outlook for Vestis, which could lead to a short-term decline in the stock price. However, the maintained price target indicates that the analyst does not foresee significant downside risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100