JP Morgan Maintains Neutral on VF, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Matthew Boss maintains a Neutral rating on VF Corporation (VFC) and lowers the price target from $16 to $12.

April 08, 2024 | 8:51 pm
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NEGATIVE IMPACT
JP Morgan analyst Matthew Boss maintains a Neutral rating on VF Corporation and lowers the price target from $16 to $12.
The reduction in the price target by JP Morgan, a major financial institution, could lead to a negative short-term impact on VFC's stock price. Investors often view such adjustments as a signal of expected performance, and a lower price target may reduce investor confidence and demand for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100