VF Corp. price target lowered to $14 from $17 at Telsey Advisory

Telsey Advisory analyst Dana Telsey lowered the firm’s price target on VF Corp. (VFC) to $14 from $17 and keeps a Market Perform rating on the shares. The company reported a “solid” Q4 relative to expectations, with the firm encouraged by the Outdoor segment’s growth, but notes Active remains under pressure, the analyst tells investors. Overall, Q4 reflected improved execution, but lack of momentum for some key brands, the firm concludes.