Form 8-K Vestis Corp For: May 02
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall St rebounds with broad gains as oil slides sharply
- Brent hits lowest since before start of Iran war as more tankers exit Hormuz, easing supply
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- JPMorgan raises S&P 500 target to 7,800, says earnings revision ’unprecedented’
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
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
