Vestis Corporation Amends Agreement with Corvex Management

Vestis Corporation ( (VSTS) ) just unveiled an announcement.

On May 5, 2025, Vestis Corporation and Corvex Management LP amended their Letter Agreement to increase Corvex’s beneficial ownership limit in Vestis from 15% to 20% and economic exposure limit from 17% to 20% during the standstill period. This amendment remains effective as long as Keith A. Meister serves on Vestis’s Board of Directors, potentially impacting the company’s shareholder structure and governance dynamics.

Spark’s Take on VSTS Stock

According to Spark, TipRanks’ AI Analyst, VSTS is a Neutral.

Vestis Corporation’s stock score reflects a stable operational performance with strong cash flow management but is hindered by inconsistent revenue growth and increased financial leverage. Technical analysis indicates bearish momentum, while high valuation multiples suggest potential overvaluation. Despite positive prospects from earnings call initiatives, revenue and margin pressures remain.

To see Spark’s full report on VSTS stock, click here.

More about Vestis Corporation

Average Trading Volume: 2,171,669

Technical Sentiment Signal: Sell

Current Market Cap: $1.18B

Find detailed analytics on VSTS stock on TipRanks’ Stock Analysis page.