VF Corp. price target lowered to $15.50 from $16.50 at Wedbush

Wedbush lowered the firm’s price target on VF Corp. to $15.50 from $16.50 and keeps a Neutral rating on the shares following quarterly results. The firm says VF Corp. remains a highly challenged business, with fiscal Q3 2024 results that were well below expectations. Wedbush believes visibility in the business remains low, with a lot of heavy lifting to do at Vans, TNF becoming choppier, and Timberland/Dickies seeing double-digit sales declines.