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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