These Analysts Boost Their Forecasts On VF Corp Following Better-Than-Expected Results
Portfolio Pulse from Avi Kapoor
VF Corp reported better-than-expected Q2 results, with revenue of $2.8 billion and earnings of 60 cents per share, surpassing estimates. Analysts have raised their price targets for the stock. However, the company expects Q3 revenue to be below estimates.
October 29, 2024 | 1:40 pm
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VF Corp reported strong Q2 results, beating revenue and earnings estimates. Analysts have raised their price targets, indicating positive sentiment. However, Q3 revenue guidance is below expectations.
VF Corp's better-than-expected Q2 results have led to analysts raising their price targets, which is a positive indicator for the stock. However, the company's Q3 revenue guidance is below estimates, which could temper investor enthusiasm. The immediate market reaction was positive, with shares gaining 1.8%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100