Vista Outdoor (VSTO) PT Raised to $27 at Cowen; 'Firing on All Cylinders'

August 7, 2020 12:30 PM EDT
Get Alerts VSTO Hot Sheet
Price: $39.30 +0.59%

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 raised the price target on Vista Outdoor (NYSE: VSTO) to $27.00 (from $18.00) while maintaining an Outperform rating.

The analyst commented, "VSTO's product areas should continue to see a demand surge caused by COVID-19, civil unrest, and election concerns. While our rating remains Market Perform, the stock's near-term upward momentum is apt to continue as Street ests. move higher. Our new PT is $27 (7.0x F21 EV/EBITDA, 9% yield)."

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