Analysts On VF Corp's Tough Road: 'Higher Costs, Softer Sales, And A Higher Tax Rate'
Portfolio Pulse from Priya Nigam
Analysts have expressed concerns over VF Corp's (NYSE:VFC) recent fiscal fourth-quarter results, citing higher costs, softer sales, and a higher tax rate. BofA Securities, Goldman Sachs, and JPMorgan have all adjusted their price targets and ratings, reflecting a challenging outlook for the company.
May 23, 2024 | 4:16 pm
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VF Corp reported a weak fiscal fourth quarter with an adjusted loss of 32 cents per share, missing expectations. Analysts from BofA Securities, Goldman Sachs, and JPMorgan have all lowered their price targets and expressed concerns over higher costs, softer sales, and a higher tax rate.
The weak fiscal fourth-quarter results, combined with higher costs, softer sales, and a higher tax rate, have led analysts to lower their price targets and ratings. This indicates a negative short-term outlook for VF Corp's stock price.
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