From Logitech To VF Corp: Analyst Highlights Potential Of New CEO Bracken Darrell In Consumer Retail Landscape
Portfolio Pulse from Shivani Kumaresan
VF Corp (VFC) has appointed Bracken Darrell, former Logitech (LOGI) CEO, as its new President and CEO, effective July 17, 2023. Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating on VFC shares with a price target of $27.
June 21, 2023 | 5:44 pm
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NEUTRAL IMPACT
Former Logitech CEO Bracken Darrell appointed as new President and CEO of VF Corp.
While Bracken Darrell's departure from Logitech is noteworthy, it is not expected to have a significant short-term impact on the company's stock price, as the focus of the news is on his appointment at VF Corp.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
VF Corp appoints Bracken Darrell as new President and CEO. Telsey Advisory Group reiterates Outperform rating with a $27 price target.
The appointment of Bracken Darrell, who has a successful track record at Logitech, is expected to bring a fresh perspective to VF Corp. The analyst's Outperform rating and price target of $27 indicate a positive outlook for the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100