- 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.
For further details see:
Vista Outdoor downgraded to neutral at Roth Capital