Piper Sandler raised the firm’s price target on VF Corp. (VFC) to $14 from $12 and keeps a Neutral rating on the shares. The firm expects upside-to-consensus sales of -1%, driven by strength at TNF and Timberland. At Vans, Piper models sales -12% vs. Street at -13%, and thinks buy-side is looking for slightly better.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VFC:
- VFC Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- VFC Faces Class Action Over Alleged Misleading Claims on Vans Turnaround
- VF Corp. price target raised to $14 from $12 at Jefferies
- VF Corp. management to meet virtually with Needham
- Sell Rating for VF Corporation: Overly Optimistic Projections and Brand Challenges