Analyst: Ammo Maker Vista Outdoor Has 32% Upside After Georgia Runoff Elections

Ammunition maker Vista Outdoor (NYSE: VSTO) should benefit from the Georgia Senate runoff elections as the results should bolster demand for firearms, Riley Securities analyst Eric Wold says.

On Wednesday, Wold reiterated his buy recommendation of the owner of the leading Federal Premium brand of ammo as well as the recently acquired Remington brand, and set a price target of $33 per share, some 32% above yesterday's closing price for Vista of $24.92 per share.

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Source Fool.com