Vestis Reports Second Quarter 2024 Results and Updates Full-Year Outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/8/2026
- S&P 500 falls as AI worries hit software makers
- Brent crude hits six-week high near $97 as Houthi strike targets Saudi Aramco
- Qualcomm stock surges 9.5% on Amazon AI deal & 25M share warrant
- Energy stocks rise premarket as oil prices climb on Middle East supply fears
- Novartis shares plunge 10% as failed drug trial clouds growth outlook
- Harry and Meghan surprised by King Charles' letter on their status
- Citi initiates UiPath coverage with Buy rating and $23 target
- S&P 500 falls as AI worries hit software makers
- WestPark Capital Starts Akebia Therapeutics (AKBA) at Buy
- After an 18% summer selloff in chip stocks, Citi asks what comes next
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
- After-Hours Movers: AVGO, SNOW, HPE, NTAP, NTSK, CHPT, FIVE, TLYS, PVH, RARE
- After-Hours Movers: DELL, PANW, GTLB, CRDO, MDB, HPE, SMCI
- After-Hours Movers: WDAY, ADSK, S, RBRK, MRVL, ULTA, GAP, AFRM
- After-Hours Movers: NVDA, CRM, SNPS, CRWD, OKTA, NTNX
JPMorgan Downgrades Vestis Corp (VSTS) to Neutral
May 3, 2024 5:29 AM EDTJPMorgan analyst Andrew Steinerman downgraded Vestis Corp (NYSE: VSTS) from Overweight to Neutral with a price target of $11.00 (from $22.00).
The analyst comments "By our accounting, two key factors drove Vestis underperformance. First, Vestis deliberately moderated previously planned price increases in order to support client retention. We understand the firm decided on this tact in February, after receptivity to pricing increases was not as favorable as anticipated. Importantly, management noted that we believe service gaps have driven price sensitivity, as fully satisfied customers typically dont leave because theyve received a price... More
