KeyBanc Upgrades Vista Outdoor (VSTO) to Overweight
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
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.
Shares of Vista Outdoor closed at $39.38 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Rosenblatt Upgrades NETGEAR (NTGR) to Buy
- FBR Capital Cuts Price Target on Government Properties Income Trust (GOV) to $25
- Jefferies Cuts Price Target on Parexel (PRXL) to $67 Following Weak 1Q
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS View, Upgrades
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!