BofA lowered the firm’s price target on VF Corp. (VFC) to $12 from $18 and keeps an Underperform rating on the shares. The firm, which thinks a recovery in fundamentals will take longer than expected, is lowering its FY26 and FY27 EPS forecasts by 12% and 3% to 80c and 96c, respectively, to reflect a slower pace of Vans turnaround.
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Read More on VFC:
- VF Corp. price target lowered to $14 from $17 at Baird
- VF Corp. price target lowered to $15 from $28 at Stifel
- VF Corp. price target lowered to $12 from $13 at Wells Fargo
- Cautious Outlook for VF Corporation Amid Vans Brand Challenges and Macroeconomic Pressures
- VF Corporation’s Hold Rating: Balancing Margin Improvements with Vans Brand Challenges