JPMorgan downgraded VF Corp. (VFC) to Underweight from Neutral with a price target of $18, down from $19. The firm downgraded the shares after reducing its fecal 2027 and 2028 earnings estimates below consensus. JPMorgan’s work suggests an extended brand recovery for Vans, the analyst tells investors in a research note.
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Read More on VFC:
- V F Corp put volume heavy and directionally bearish
- VF Corp. price target raised to $19 from $17 at JPMorgan
- Sell Rating Driven by Execution Risks, Overambitious FY28 Targets, and Weak Brand Momentum Across Key Regions
- VF Corp. price target raised to $18 from $14 at Piper Sandler
- VF Corp. price target raised to $20 from $14 at Citi