VF shares are trading lower after Exane BNP Paribas downgraded the stock from Outperform to Neutral and lowered its price target from $18 to $14.
Portfolio Pulse from Benzinga Newsdesk
VF Corporation's shares declined following a downgrade by Exane BNP Paribas from Outperform to Neutral, with a price target reduction from $18 to $14.
April 12, 2024 | 2:45 pm
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VF Corporation's stock experienced a downturn after Exane BNP Paribas downgraded the stock and lowered its price target.
The downgrade by a notable financial institution like Exane BNP Paribas directly impacts investor sentiment and the perceived value of VF Corporation. A reduction in the price target suggests a bearish outlook on the stock's future performance, likely leading to a short-term decrease in its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100