Vestis price target raised to $13 from $10 at Barclays

Barclays analyst Manav Patnaik raised the firm’s price target on Vestis (VSTS) to $13 from $10 and keeps an Underweight rating on the shares. The company’s fiscal Q3 beat on margins, which offset a miss on revenue, the analyst tells investors in a research note. The firm says Vestis comments on retaining bankers likely led to shares rallying 17%.