Roth MKM analyst Matt Koranda raised the firm’s price target on Vista Outdoor to $40 from $38 and keeps a Buy rating on the shares. The firm is adjusting its model after the company disclosed a domestic bid for TKG at just over $2B and also rejected the higher $39.50 offer but diclosed some incremental items around balance sheet and medium/longer-term earnings power at Revelyst, the analyst tells investors in a research note.
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