VF Corp. price target lowered to $12 from $18 at Piper Sandler

Piper Sandler lowered the firm’s price target on VF Corp. (VFC) to $12 from $18 and keeps a Neutral rating on the shares. The firm cites 145% tariffs on China and 10% on other countries. On average for its coverage for 2025/2026, Piper cut EPS estimates by 14% as “we flow 25% of the cost pressure through the P&Ls.” The firm also adjusted sales lower as a recessionary scenario would pressure demand.