VF Corp. price target lowered to $27 from $30 at Stifel

Stifel lowered the firm’s price target on VF Corp. to $27 from $30 and keeps a Buy rating on the shares. Vans turn evidence is lacking and the firm is cutting its estimates ahead of the fiscal Q2 report, the analyst tells investors. However, “like Engaged Capital,” Stifel sees shares as undervalued and believes there is opportunity for cost cutting, the analyst added in the firm’s earnings preview note.