Barclays analyst Manav Patnaik maintains $Vestis (VSTS.US)$ with a sell rating, and adjusts the target price from $10 to $13.
According to TipRanks data, the analyst has a success rate of 65.0% and a total average return of 11.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Vestis (VSTS.US)$'s main analysts recently are as follows:
Vestis' fiscal Q3 performance showcased improved margins which helped balance a shortfall in revenue. The company's recent actions in retaining bankers contributed to a significant 17% rally in its share prices.
It has been highlighted that Vestis faced revenue shortfalls, and challenges such as pricing and customer retention are likely to persist through the first half of fiscal 2025. Nonetheless, newly implemented cost control measures are beginning to take effect, thereby aligning the initial fiscal 2025 Adjusted EBITDA guidance with consensus expectations.
Note:
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