VF Corp. price target lowered to $18 from $20 at UBS

UBS analyst Jay Sole lowered the firm’s price target on VF Corp. to $18 from $20 and keeps a Neutral rating on the shares. The firm’s channel checks suggest VF Corp. had a “tough” quarter, particularly for its key Vans brand, the analyst tells investors in a research note. UBS expects VF Corp. to lower its FY24 EPS guidance by about 15c, but says this is probably already priced in.