Wedbush Maintains Neutral on VF, Lowers Price Target to $15.5
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Tom Nikic maintains a Neutral rating on VF Corporation (VFC) and lowers the price target from $16.5 to $15.5.
February 07, 2024 | 1:26 pm
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Wedbush analyst Tom Nikic maintains a Neutral rating on VF Corporation and lowers the price target from $16.5 to $15.5.
The reduction in price target by Wedbush reflects a negative outlook on VF Corporation's stock price in the short term. A lower price target can often lead to a decrease in investor confidence and potentially a decrease in stock price, especially when the rating is maintained at Neutral, indicating no strong positive catalysts in the near term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100