VF Corp. price target raised to $20 from $15 at Wells Fargo

Wells Fargo analyst Ike Boruchow raised the firm’s price target on VF Corp. (VFC) to $20 from $15 and keeps an Equal Weight rating on the shares ahead of quarterly results. The firm says that while it has leaned more cautious over the past 12-plus months, it now leans a bit more positive as a function of improving U.S. Vans checks and the implications on the P&L/valuation that could bring.