VF Corp. upgraded to Buy from Neutral at BTIG

BTIG analyst Janine Stichter upgraded VF Corp. (VFC) to Buy from Neutral with a $23 price target The firm says that after five years of downward earnings revisions, consensus estimates “now appear appropriate with potential to move up.” VF’s Vans unit is returning to growth after years of right-sizing, supported by industry data points and BTIG’s survey work, the analyst tells investors in a research note. The firm adds that North Face momentum continues, supported by industry-wide tailwinds. BTIG believes “the stage is set” for sustainable medium-term growth for Vans.