VF Corp. price target raised to $16 from $13 at Wedbush

Wedbush raised the firm’s price target on VF Corp. to $16 from $13 and keeps a Neutral rating on the shares. The firm notes VF’s fiscal Q1 2025 results weren’t as bad as feared, and even though sales, margins, and EPS were all meaningfully lower year-over-year, the stock is likely to squeeze higher at Wednesday’s open. That said, Wedbush thinks there’s still a lot of work to do to turn Vans around and to clean up the balance sheet, and current valuation is fairly lofty.