Wells Fargo lowered the firm’s price target on VF Corp. (VFC) to $12 from $13 and keeps an Equal Weight rating on the shares. While VF’s Reinvent work continues to drive margins, the key take was Vans falling well short of Q4 estimates and first half of 2026 expectations, the firm says. In a season where most companies are speaking to upbeat trajectories, VF’s Q4 print is a negative outlier, Wells adds.
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