Vista Outdoor downgraded to neutral at Roth Capital

Jul. 26, 2022 12:55 PM ETVSTOBy: Pranav Ghumatkar, SA News Editor1 Comment
  • Roth Capital analyst Matt Koranda downgraded Vista Outdoor (VSTO) to Neutral from Buy.
  • The analyst notes the movie is "not a call on Q1," which he expects will be healthy.
  • Nonetheless, Koranda believes second half of 2023 and 2024 estimates will see erosion as retail load-in wanes in the coming months.
  • Moreover, the analyst expects investors may decide to hold-off on buying Vista Outdoor stock ahead of the impending OP spinoff in 2023.
  • While he still sees plenty of long-term value in shares, he is stepping to the sidelines.
  • Vista Outdoor's SA Quant Rating and Wall St. Analysts Rating both stands with Strong Buy (6 Very Bullish, 1 Bullish).
  • Since the start of 2022, Vista Outdoor's shares were down around 40%, and over a period of one year, shares were down around 27%.
  • Shares are currently -3% to $28.73 today.

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