Stifel lowered the firm’s price target on VF Corp. (VFC) to $15 from $28 and keeps a Buy rating on the shares. The firm had been “cautiously optimistic” about a more immediate Vans inflection, but further actions to improve quality of sales and DTC traffic challenges cloud visibility to underlying brand vitality and turnaround progress is lagging its expectations, the analyst tells investors.
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Read More on VFC:
- 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
- VF Corporation’s Strategic Reset and Financial Uncertainties Lead to Hold Rating
- VF Corp. price target lowered to $16 from $19 at Barclays