BMO Capital Maintains Market Perform on VF, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Simeon Siegel has maintained a 'Market Perform' rating on VF Corporation (NYSE:VFC) but lowered the price target from $22 to $18.
October 31, 2023 | 1:46 pm
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VF Corporation's price target has been lowered from $22 to $18 by BMO Capital, though the 'Market Perform' rating is maintained.
The lowering of the price target by BMO Capital indicates a less optimistic outlook for VF Corporation's stock in the near term. This could potentially lead to a decrease in the stock's price as investors adjust their expectations. However, the maintenance of the 'Market Perform' rating suggests that the stock is still expected to perform in line with the overall market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100