JPMorgan upgraded VF Corp. to Neutral from Underweight with a price target of $19, up from $15, after meeting with management. With the shares down 80% over the past 24 months and trading three turns below pre-pandemic levels, Bracken Darrell’s “controllables-based” playbook through fiscal 2025 reveres the multi-year risk/reward profile, the analyst tells investors in a research note. The firm cites greater clarity on VF’s profit inflection in fiscal 2025 for the upgrade.
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