Vista Outdoor price target raised to $29 from $26 at Roth MKM

Roth MKM analyst Matt Koranda raised the firm’s price target on Vista Outdoor to $29 from $26 and keeps a Neutral rating on the shares after holding talks with its management. The company has indicated that its Outdoor unit Revelyst’s restructuring plan is well underway toward becoming a more cohesive set of brands that operate under integrated systems, the analyst tells investors in a research note. The firm also cites the management’s expectations that it can double stand-alone adjusted EBITDA in FY25 through its GEAR UP program while maintaining that the sale of its ammo business to CSG remains on track.