KeyBanc Upgrades Vista Outdoor (VSTO) to Overweight

August 30, 2016 7:01 AM EDT
Get Alerts VSTO Hot Sheet
Price: $38.72 --0%

Rating Summary:
    8 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 1 | Down: 2 | New: 2
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KeyBanc upgraded Vista Outdoor (NYSE: VSTO) from Sector Weight to Overweight with a price target of $48. Analyst Scott W. Scott W. Hamann sees an attractive entry point.

"... we view a vast majority of the issues that plagued the Company in F1Q17 as transitory and maintain a shift in wallet share toward firearms accessories should occur in the coming quarters and the hangover from Sports Authority/Sports Chalet liquidations will likely be a F1H17 event. All in, while we maintain F2Q17 results could be messy and result in a lowered guidance, we believe that the current valuation largely prices in a potential guidance cut and we view current levels as having a favorable risk/ reward dynamic," said Hamann.

For an analyst ratings summary and ratings history on Vista Outdoor click here. For more ratings news on Vista Outdoor click here.

Shares of Vista Outdoor closed at $39.38 yesterday.

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