VF Corp. price target lowered to $15 from $20 at Wedbush

Wedbush lowered the firm’s price target on VF Corp. to $15 from $20 and keeps a Neutral rating on the shares. The firm notes VF Corp. reported challenging fiscal Q2 results that weren’t far off from expectations, but a significantly reduced level of second half of the year visibility caused them to withdraw sales/EPS guidance for the full fiscal year.