VF Corp. price target lowered to $17 from $27 at Telsey Advisory

Telsey Advisory analyst Dana Telsey lowered the firm’s price target on VF Corp. (VFC) to $17 from $27 and keeps a Market Perform rating on the shares. The firm believes Q3 results reflect sequential improvements and enhanced execution, however there is still work to be done across brands and there is an increased macro uncertainty, the analyst tells investors.