Goldman Sachs Downgrades VF to Neutral, Announces $14 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brooke Roach downgraded VF Corporation (VFC) from Buy to Neutral and set a new price target of $14.

February 07, 2024 | 2:01 pm
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Goldman Sachs downgraded VF Corporation from Buy to Neutral and set a $14 price target.
Analyst downgrades typically lead to a negative short-term impact on the stock price as they suggest a less optimistic outlook on the company's future performance. The downgrade from Buy to Neutral indicates a significant change in Goldman Sachs' view on VFC, potentially leading to decreased investor confidence and a drop in stock price. The announcement of a $14 price target, depending on its relation to the current stock price, could further influence market perception and stock performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100