Form 4 Vestis Corp For: Jan 28 Filed by: Goetz William
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Vestis Corp (VSTS) PT Lowered to $14 at JPMorgan
February 3, 2025 11:05 AM ESTJPMorgan analyst Andrew Steinerman lowered the price target on Vestis Corp (NYSE: VSTS) to $14.00 (from $16.00) while maintaining a Neutral rating.
The analyst comments "Looking ahead, management sounded confident in the firms ongoing transformation and inflection towards positive y/y growth. In particular, CEO Kim Scott noted progress on each of three legs of the stool for driving growth: national account sales, SME/field sales, and retention/service. On national accounts, CEO Scott described the firms pipeline as the strongest it's been since I joined Vestis (in late 2021). Notable wins... More
