Baird analyst Andrew Whittmann raised the firm’s price target on Vestis (VSTS) to $16 from $13 and keeps a Neutral rating on the shares. The firm said revenues fell short and pricing/customer loss headwinds will continue through F1H25, though new/incremental cost actions are taking hold, helping initial F2025 Adjusted EBITDA guidance to bracket consensus.
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Read More on VSTS:
- Vestis price target raised to $13 from $10 at Barclays
- Vestis Corporation: Fiscal 2024 Results and 2025 Outlook
- Vestis reports Q4 EPS (2c), consensus 13c
- Vestis sees FY25 revenue $2.8B -$2.83B, consensus $$2.84B
- VSTS Earnings this Week: How Will it Perform?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
