Wells Fargo Downgrades VF to Underweight, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow has downgraded VF Corporation (NYSE:VFC) from Equal-Weight to Underweight and reduced the price target from $16 to $15.
October 14, 2024 | 1:26 pm
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Wells Fargo has downgraded VF Corporation from Equal-Weight to Underweight, reducing the price target from $16 to $15, indicating a bearish outlook.
The downgrade from Equal-Weight to Underweight by a major financial institution like Wells Fargo suggests a negative outlook on VF Corporation's stock. The reduction in the price target from $16 to $15 further supports this bearish sentiment, likely leading to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100