Barclays analyst Manav Patnaik lowered the firm’s price target on Vestis (VSTS) to $5 from $10 and keeps an Underweight rating on the shares post the earnings report. Whatever little credibility Vestis had worked to restore is now gone, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VSTS:
- Vestis Corporation’s EVP Angie Kervin Resigns
- Vestis Corporation Reports Q2 2025 Results and Updates
- Hold Rating for Vestis Corporation Amid Operational Challenges and Leadership Transition
- Vestis price target lowered to $6 from $13 at Stifel
- China announces stimulus measures, Disney reports Q2 beat: Morning Buzz