VF Corp. price target lowered to $13 from $15 at BofA

BofA lowered the firm’s price target on VF Corp. to $13 from $15 and keeps an Underperform rating on the shares. The firm remains cautious on the near-term fundamental outlook given North American wholesale challenges and limited progress at Vans, the analyst tells investors in a post-earnings note. The firm is lowering its FY24 and FY25 EPS estimates to $1.08 and $1.49, respectively, to reflect a Q3 miss and reduced sales from ongoing wholesale challenges.