Vestis Corp.: Tangible Improvements To Organic Growth Need To Be Seen

Luis Alvarez/DigitalVision via Getty Images Investment overview I give a hold rating for Vestis Corp. (NYSE:VSTS), as the business has yet to show tangible organic growth improvements so far. While I do appreciate the developments so far (improved retention rates and an improved sales team), I think it is too early to conclude that VSTS has managed to turn things around. Hence, I believe VSTS will continue to trade at a discount to peers in the near term. Business description VSTS is the second-largest prov ...