Goldman Sachs Maintains Neutral on VF, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brooke Roach has maintained a Neutral rating on VF Corporation (VFC) and lowered the price target from $19 to $14.

February 08, 2024 | 3:52 pm
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Goldman Sachs has maintained a Neutral rating on VF Corporation but lowered the price target from $19 to $14.
The reduction in price target by Goldman Sachs, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in VFC's stock price. The Neutral rating indicates that the analyst does not see significant upside or downside from the current level, but the lowered price target suggests a reassessment of the company's future growth prospects or valuation, which could impact investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100