VF Corp. added to Conviction List at Needham

Needham added VF Corp. (VFC) to the firm’s Conviction List while keeping a Buy rating on the shares with a $25 price target The firm believes the company’s North Face and Timberland brands had strong holiday performances while its “long struggling” Vans brand is “showing some green shoots.” Needham expects VF to see steady improvement in margins and the balance sheet over the next 24-36 months.