Goldman Sachs raised the firm’s price target on VF Corp. (VFC) to $15 from $13.50 and keeps a Neutral rating on the shares. While the company reported a healthy Q2 beat and delivered sequential improvement in Vans brand trend, management delivered an Q3 outlook below expectations, the analyst tells investors in a research note. The path and timeline to turning around Vans remains uncertain, Goldman says.
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Read More on VFC:
- VF Corp. price target lowered to $18 from $19 at Barclays
- VF Corp. downgraded to Neutral from Outperform at KGI Securities
- VF Corp. price target raised to $14 from $12 at BofA
- Cautious Outlook on VF Corp: Hold Rating Amid Uncertainty in Vans Brand and Outdoor Segment Performance
- Optimistic Buy Rating for VF Corporation Amid Strategic Changes and Growth Potential