Analyst Tom Nikic from Needham maintained a Buy rating on VF and increased the price target to $19.00 from $15.00.
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Tom Nikic has given his Buy rating due to a combination of factors that suggest a positive outlook for VF Corporation’s stock. Despite a previous downturn in the Vans brand, recent quarterly results exceeded expectations, indicating a potential recovery. The company’s revenue decline was less severe than anticipated, and the earnings per share loss was smaller than what analysts had predicted.
Furthermore, the analyst has increased the price target for VF Corporation’s stock, reflecting improved business visibility and the potential for financial improvement as Vans rebounds. Although challenges such as tariffs remain, the belief that the company’s financial figures have reached a low point suggests that there could be significant upside as conditions improve. These factors collectively contribute to the Buy rating, highlighting optimism about the company’s future performance.