Vestis Reports First Quarter 2025 Results; Reaffirms FY25 Guidance; Announces Chief Financial Officer and Chief Legal Officer Transitions
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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
CFRA Upgrades Baker Hughes (BKR) to Buy
January 31, 2025 12:15 PM ESTCFRA analyst Stewar upgraded Baker Hughes (NASDAQ: BKR) from Hold to Buy with a price target of $54.00 (from $39.00).
The analyst comments "Our 12-month target of $54, up $15, reflects a 10x multiple of enterprise value to projected 2026 EBITDA. The applied multiple is a premium to BKR's... More
