Roth MKM raised the firm’s price target on Vista Outdoor to $42 from $40 and keeps a Buy rating on the shares. The firm is updating its model after the company’s Board re-affirmed its recommendation that shareholders approve the CSG transaction to buy The Kinetic Group after CSG increased its bid to $2.1B from the prior $2.0B, the analyst tells investors in a research note. The firm adds however that without another cash bid for the whole company or the ammo segment, there are likely less upside catalysts remaining.
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Read More on VSTO:
- CSG purchase price for The Kinetic Group business increased to $2.1B
- Vista Outdoor confirms receipt of additional information from MNC Capital
- M&A News: VSTO Receives Improved $3.2B Offer From MNC Capital
- Vista Outdoor should react positively to cleared TKG deal, says Roth MKM
- Vista Outdoor jumps 11% to $37.50 after MNC raises offer to $42 per share
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