Barclays analyst Adrienne Yih raised the firm’s price target on VF Corp. to $31 from $28 and keeps an Equal Weight rating on the shares post the Q3 results. The analyst says "swift action" is being taken to remedy past oversights, stabilize the business, and prepare the company for post-COVID growth.
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- VF Corp. price target lowered to $33 from $35 at Deutsche Bank
- VF Corp. expects Vans to be down high single digit percentage range in FY23
- VF Corp. sees $225M of annualized savings in fiscal 2024
- VF commencing strategic alternatives for Global Packs business
- VF Corp. cuts quarterly dividend to 30c from 51c per share
