What Made B.Riley FBR Upgrade Vista Outdoor’s Stock?
In a report released today, Eric Wold from B.Riley FBR upgraded Vista Outdoor (VSTO) to Buy, with a price target of $30.00. The company’s shares closed last Thursday at $18.21.
According to TipRanks.com, Wold is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -6.9% and a 36.2% success rate. Wold covers the Services sector, focusing on stocks such as Dolby Laboratories, National Cinemedia, and Cinemark Holdings.
Currently, the analyst consensus on Vista Outdoor is a Strong Buy with an average price target of $22.50, implying a 23.3% upside from current levels. In a report issued on September 4, William Blair also initiated coverage with a Buy rating on the stock.
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The company has a one-year high of $22.60 and a one-year low of $4.29. Currently, Vista Outdoor has an average volume of 1.27M.
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Vista Outdoor, Inc. engages in the design, manufacture, and marketing of consumer products in the outdoor sports and recreation markets. It operates through the following segments: Shooting Sports and Outdoor Products. The Shooting Sports product lines include centerfire ammunition, rimfire ammunition, shotshell ammunition, reloading components and firearms. The Outdoor Products product lines include action sports, archery and hunting accessories, camping, global eyewear and sport protection products. The company was founded in 2014 and is headquartered in Anoka, MN.