Barclays analyst Adrienne Yih raised the firm’s price target on VF Corp. (VFC) to $25 from $22 and keeps an Overweight rating on the shares. The company’s fiscal Q2 showed progress, beating on revenue, margin and earnings combined with inventory discipline, the analyst tells investors in a research note. The firm says VF’s operating profit was below consensus as investments are accelerated to drive future growth.
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Read More on VFC:
- VF Corp. Earnings: VFC Stock Soars over 23% on Q2 Earnings Beat
- Closing Bell Movers: VF Corp. surges after quarterly results
- VF Corp. sees Q3 gross margin up year-over year
- VF Corp. sees Q3 revenue $2.7B-$2.75B, consensus $2.77B
- VF Corp. sees FY25 free cash flow from continuing ops plus asset proceeds $425M