Roth MKM downgraded Vista Outdoor to Neutral from Buy with an unchanged price target of $42. The firm believes its positive thesis has largely played out and sees limited near-term upside catalysts after the company recommended shareholders vote for the latest Czechoslovak Group transaction. There could be near-term upside to Vista’s current valuation if the board finds a strong strategic or financial bidder for the Revelyst business, the analyst tells investors in a research note.
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