North Face Parent V.F. Corp To Improve Gradually In Next Four To Six Quarters, Analyst Upgrades Stock
Portfolio Pulse from Nabaparna Bhattacharya
Barclays analyst Adrienne Yih upgraded V.F. Corporation (NYSE:VFC) from Equal-Weight to Overweight, raising the price target from $19 to $22. The analyst expects gradual improvements in V.F. Corp's fundamentals over the next four to six quarters, with early signs of product and brand improvements. Despite near-term uncertainties, there is optimism about sales growth at Vans and gross margin expectations. The company is also focusing on debt reduction and leadership changes to stabilize and revitalize the business.
September 18, 2024 | 6:47 pm
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Barclays upgraded V.F. Corp to Overweight, raising the price target to $22. The analyst expects gradual improvements in fundamentals over the next four to six quarters, with early signs of product and brand improvements. Near-term uncertainties exist, but there's optimism about sales growth at Vans and gross margin expectations.
The upgrade from Barclays and the raised price target indicate a positive outlook for V.F. Corp. The analyst's expectation of gradual improvements in fundamentals and early signs of product and brand improvements suggest potential for stock price appreciation. The focus on debt reduction and leadership changes further supports a positive short-term impact.
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