Elis Confirms It Approached Vestis for Potential Acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 06 2024
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Source: WSJ
Potential Acquisition: Elis has approached U.S. uniform supplier Vestis for a possible acquisition.
Strategic Opportunities: The company stated that it regularly evaluates strategic opportunities, but there is no guarantee that discussions will lead to a finalized agreement.
Analyst Views on ELIS
Wall Street analysts forecast ELIS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ELIS is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 17.005
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Current: 17.005
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
