Piper Sandler Downgrades VF to Neutral, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Abbie Zvejnieks has downgraded VF (NYSE:VFC) from Overweight to Neutral and lowered the price target from $28 to $20.
September 18, 2023 | 8:59 am
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NEGATIVE IMPACT
VF Corporation's stock has been downgraded by Piper Sandler from Overweight to Neutral, with a reduced price target of $20.
The downgrade from Overweight to Neutral by Piper Sandler indicates a less optimistic outlook for VF Corporation's stock. The lowering of the price target from $28 to $20 suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100