Vince Holding upgraded at Noble Capital on fast tariff mitigation progress

Noble Capital upgraded Vince Holding (VNCE) to Outperform from Market Perform with a $2.50 price target after the company reported “solid” Q1 results and highlighted steps it has been taking to reduce its exposure to China, currently roughly 60% of its cost of goods sold. The company is sourcing from other countries and expects that China will be roughly 25% of its cost of goods by the end of 2025, notes the analyst, who says the company is mitigating tariff risks “much faster than expected.”