Vestis Analysts Boost Their Forecasts After Upbeat Q2 Earnings
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Vestis Corp (NYSE: VSTS) reported strong Q2 earnings of 16 cents per share, surpassing estimates of 8 cents, and sales of $659.4 million, exceeding the $655.3 million forecast. Despite the positive results, shares fell 9.1% to $10.88. Analysts raised their price targets, with Baird increasing it from $10 to $14 and Stifel from $8.5 to $11, reflecting confidence in Vestis's strategic transformation and improved profitability outlook for fiscal 2026.
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