Cowen Upgrades Vista Outdoor (VSTO) to Outperform

December 22, 2020 5:35 AM EST
Get Alerts VSTO Hot Sheet
Price: $39.38 +0.79%

Rating Summary:
    14 Buy, 3 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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Cowen analyst Gautam Khanna upgraded Vista Outdoor (NYSE: VSTO) from Market Perform to Outperform with a price target of $33.00 (from $29.00).

The analyst comments "We are upgrading VSTO to Outperform from Market Perform, with a $33 PT based on a sum-of-the-parts (SOTP) valuation framework. The current ammo demand upcycle is apt to extend, valuation is compelling, & overhangs that plagued VSTO in the prior cycle (portfolio quality; leverage) have abated."

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 $21.07 yesterday.

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