VF Corp. price target lowered to $15.50 from $18 at UBS

UBS lowered the firm’s price target on VF Corp. to $15.50 from $18 and keeps a Neutral rating on the shares. VF’s disappointing Q3 report causes UBS to believe the company needs at least a few more quarters before it can show the market evidence its turnaround plan is working, the analyst tells investors in a research note.