VF Corp. price target lowered to $15 from $25 at BMO Capital

BMO Capital analyst Simeon Siegel lowered the firm’s price target on VF Corp. (VFC) to $15 from $25 and keeps a Market Perform rating on the shares. The firm cites the company’s Q4 revenue miss, also noting that while TNF/Timberland sales grew, those of Vans/Dickies declined, the analyst tells investors in a research note. BMO adds that the firm continues to expect ongoing adjusted EBIT and EPS beats but also believes that the focus will remain on understanding the turnaround timeline at Vans.